U.S. Budget Committee Sent Letters To AIG, Berkshire Hathaway, Chubb, Liberty Mutual, Starr, State Farm, And Travelers; Launches Investigation Into Major U.S. Insurance Companies' Climate Risk Evaluation, Fossil Fuel Support
Portfolio Pulse from Benzinga Newsdesk
The U.S. Budget Committee has sent letters to AIG, Berkshire Hathaway, Chubb, Liberty Mutual, Starr, State Farm, and Travelers, launching an investigation into their climate risk evaluation and support for fossil fuels.
June 09, 2023 | 5:26 pm
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NEGATIVE IMPACT
AIG is under investigation by the U.S. Budget Committee for its climate risk evaluation and support for fossil fuels.
The investigation could lead to increased regulatory scrutiny and potential fines or penalties, negatively impacting AIG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Berkshire Hathaway is under investigation by the U.S. Budget Committee for its climate risk evaluation and support for fossil fuels.
The investigation could lead to increased regulatory scrutiny and potential fines or penalties, negatively impacting Berkshire Hathaway's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Chubb is under investigation by the U.S. Budget Committee for its climate risk evaluation and support for fossil fuels.
The investigation could lead to increased regulatory scrutiny and potential fines or penalties, negatively impacting Chubb's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100