Insurance Regulation

Alaska Attorney General Stephen Cox and Commerce Commissioner Julie Sande sent warning letters Monday to AIG, Zurich, Chubb and The Hartford, alleging some climate-related underwriting and exclusion policies may violate Alaska insurance and consumer-protection laws by restricting coverage for Arctic and energy projects without a risk-based rationale. The move, backed by Gov. Mike Dunleavy’s comments, comes days after Alaska’s delegation helped overturn Biden-era limits on ANWR exploration and cites insurers’ net‑zero targets and broad Arctic exclusions as potential de‑facto barriers to lawful investment.