Activists in particular claim that the country ’s insurers are failing to keep pace with international competitors in emissions from fossil fuels . Earlier this week , the group Market Forces , which has previously targeted insurance and super funds , focussed its attention on insurer QBE . The group superimposed the slogan “ wherever possible by investing ” on top of images of environmental disasters and coalmines and hung the posters from the company ’s Sydney headquarters . Climate Forces is also drawing attention to the financial impact of climate change on the insurance sector ; QBE paid US$ 76 m for storm damage in 2014 , which rose to $ 75 m in 2015 .
Activists in Australia claim that the country’s insurers are failing to keep pace with international competitors in divesting from fossil fuels. Earlier this week, the group Market Forces, which has previously targeted banks and super funds, focussed its attention on insurer QBE. The group superimposed the slogan “Made possible by QBE” on top of images of environmental disasters and coalmines and hung the posters from the company’s Sydney headquarters. Market Forces is also drawing attention to the financial impact of climate change on the insurance sector; QBE paid US$76m for storm damage in 2014, which rose to $252m in 2015.