July 15, 2021 | less than a minute read

Insurers plan green replacements for car and property write-offs

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Jo Smith

Solicitor, Family & Care

Get in touch

Jo Smith

Solicitor, Family & Care

The ABI's Climate Change Roadmap is a plan to get insurers moving towards a net-zero target. It reflects the huge range of sectors in which insurers operate.

It includes educating pension savers about their choices of investment, and the resulting environmental impact.

However. the most eye-catching aspect of the plan is the proposal that insurers should consider replacing written-off or stolen petrol cars with electric vehicles. Road transport is one of the heaviest polluting areas of society.

Insurers could replace written-off or stolen petrol cars with electric vehicles as part of a wide-ranging plan to improve sustainability. The Association of British Insurers (ABI) said the plans could "herald a new approach" to the many thousands of claims settled each year. Damaged gas boilers could also be replaced with more sustainable models. Consumers would also be encouraged to accept recycled parts as part of a roadmap to tackle climate change.