Chubb Group Drops Insurance Coverage From Hotly Debated LNG Plant In SW Louisiana

[hatrack]

The global insurance giant Chubb is no longer providing property insurance for a contested liquefied natural gas export project in southwest Louisiana, according to documents obtained by the Rainforest Action Network and shared with Inside Climate News.

The Calcasieu Pass project, owned by LNG company Venture Global, has faced heavy opposition from residents in Cameron Parish, who fear it will add to already severe pollution, health harms and climate damage in a region that is at the center of the nation’s LNG buildout. Grassroots and international groups have been pressuring Chubb and other insurers to drop projects, like CP, that they argue are injurious to environmental and human health.

Through a public records request, RAN obtained a certificate of insurance placing a Chubb subsidiary, ACE American Insurance Co., on a list of 29 companies that provided property insurance to the project last year. In this year’s certificate of insurance, also obtained by RAN through a public records request and describing the project’s property insurance policy from March 2025 to 2026, ACE was no longer included. LNG terminals require a variety of insurance, including property insurance.

Venture Global confirmed that Chubb previously insured CP and is now no longer underwriting the project’s property insurance, but said that CP declined to renew Chubb’s coverage policy for business reasons after it expired in 2024. Venture Global also noted that Chubb is still involved in other projects. “Venture Global’s operations are supported by an array of insurers, including Chubb and its subsidiaries, who actively cover our projects across the state of Louisiana,” read a statement emailed by a Venture Global spokesperson.

EDIT

https://insideclimatenews.org/news/16052025/insurance-giant-drops-contested-louisiana-lng-export-project/

[SheltieLover]

1. Repukes will just craft a law absolving company of liability