Insurance

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Insurance Company Retreat From Coal Gathers Steam

Sydney Morning Herald: A quiet revolution is happening in insurance, as many of the industry’s big players pull their backing and investment from the coal power sector, potentially raising the price of electricity. About 10 percent of global insurance assets are being impacted by these changes, but risk management firm Aon believes that as the […]

May 21, 2018 Read More →

Germany’s Allianz Drops Insurance for Coal Plants, Mines

Deutsche Welle: Munich, Germany-based Allianz Group announced on Friday that it would refuse insurance coverage of coal-fired power plants and coal mines with immediate effect and would aim to get rid of all coal risks in its business by 2040. In addition, Europe’s biggest insurer said it would stop investing in companies that do not […]

May 4, 2018 Read More →

Lloyd’s of London Urged To ‘Rewrite Rule Book’ to Stop Insuring Coal Plants

The Telegraph: Lloyd’s of London is facing pressure from climate change groups to rewrite its rule book so that insurers no longer insure risky coal projects.  The insurance market has already promised to distance itself from fossil fuels in April, but pressure groups are urging Inga Beale, the chief executive, to do more to drive […]

February 27, 2018 Read More →