Insurance giant Chubb announced a new man-date in March to incorporate evidence-based plans to reduce methane emissions in their underwriting guidelines. This marks continued evidence that ESG does not just impact equity and debt, but insurance as well. According to their news release, Chubb will continue to provide insurance coverage for clients that implement evidence-based plans to manage methane emissions including, at a minimum, having in place programs for leak detection and repair and the elimination of non-emergency venting.
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