NU Online News Service, May 8, 2:02 p.m. EDT
Prompted by a lobbying group which supports efforts to reduce global warming, three insurance companies and the Association of Bermuda Insurers and Reinsurers have publicly renounced their support for the Heartland Institute, a libertarian research group.
The group Forecast the Facts sought to persuade large companies to drop support for Heartland after Heartland started an ad campaign that compares those who believe in global warming to Unabomber Ted Kaczynski.
Similar billboards featuring Charles Manson and Osama Bin Laden were planned, but Heartland suspended the ad campaign after widespread condemnation, including strong criticism from its supporters.
Besides ABIR, insurers dropping support for Heartland include State Farm, XL Group, and Allied World Assurance.
ABIR represents 22 Bermuda-based insurers and reinsurers,
Forecast the Facts says it is an organization “dedicated to ensuring that Americans are accurately informed about climate change.”
The group says it has mobilized more than 20,000 people to call on corporations to pull support from Heartland. GM was the first to respond, ending its 20-year relationship with Heartland on March 28. GM was followed by AT&T, ABIR, beverage maker Diageo, and now State Farm and other insurers.
ABIR withdrew in a letter to Heartland May 4.
In the letter, ABIR President Bradley Kading says, “We write to disavow any future relationship with your organization. Recent revelations of the Heartland Institute's radical position on climate change as portrayed on the new billboard featuring Ted Kaczynski made our association with other parts of your organization untenable.”
State Farm also cited Heartland's recent billboard campaign as its reason for dropping out, according to Forecast the Facts officials.
ABIR has enlisted Heartland in its efforts to expand market-based solutions to catastrophe issues, including providing a role for reinsurers in funding the National Flood Insurance Program.
On its website, Heartland claims that “the most prominent advocates of global warming aren't scientists. They are murderers, tyrants, and madmen” who are “willing to break the law and the rules of ethics to shut down scientific debate and implement their left-wing agendas.”
In 2010, ABIR provided $50,000 in funding to the think tank, followed by $75,000 in 2011, according to Heartland's leaked 2012 fundraising plan.
State Farm Mutual Automobile Insurance Company contributed $120,000 to Heartland between 2010-2011, and ABIR-member XL Group gave $35,000 in 2011.
Editor's Note: This version removes projected 2012 donors from the last paragraph that appears in a previous version of the story, since those entities were included in Heartland's forecast, but did not officially pledge funds for the year.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.