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Federal legislative proposal for insurance coverage of climate claims by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official records from the United States Congress
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Hawaii Supreme Court Rules Greenhouse Gases Excluded Under AIG Policies, Denies Coverage for Sunoco Climate Suit
Oct 12, 2024, 05:50 PM
The Hawaii Supreme Court has ruled that American International Group (AIG) units are not obligated to provide insurance coverage for a lawsuit accusing a Sunoco unit of contributing to climate change. The court determined that greenhouse gases fall under the pollution exclusions in several policies issued by AIG, effectively closing the door on insurance coverage for climate change-related claims against the gas company. This decision has been met with praise from insurance carrier attorneys, while policyholder attorneys have expressed satisfaction with the expanded view of covered occurrences.
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Yes, specific to insurance threats • 25%
Yes, broader threat legislation • 25%
No new legislation • 25%
Legislation proposed but not passed • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
New cryptocurrency regulations • 25%
Amendments to IEEPA • 25%
No legislative response • 25%
Other legislative action • 25%
Resolved favorably for Hawaiian Electric • 25%
Resolved unfavorably for Hawaiian Electric • 25%
Partially resolved with mixed outcomes • 25%
No resolution by the end of 2025 • 25%