Opinion: Will insurers also face an anti-ESG backlash?
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Opinion: Will insurers also face an anti-ESG backlash?

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An anti-ESG movement has been gradually gaining steam in the US this year, but it hit headlines in the past week as Florida’s state treasury said it would pull a $2bn mandate with BlackRock over the asset manager’s ESG stance.

Should insurers be concerned that their ESG stances are going to put them at risk of a similar backlash?

There is clearly some risk that state insurance buyers – those protecting municipal infrastructure, for example – in red states could...

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