While Swiss and Munie Re comprise a large percentage of Re market share, there are plenty of other options for coal industry firms to get insurance / reinsurance. This symbolic move by Munie & Swiss will net them publicity, and some support by liberals, but not much else. Purely political moves by companies rarely succeed, and those that do are usually those with significant underlying justification. The coal industry is MUCH safer and cleaner than in the distant past, the latter being the basis for liberals’ current naive political stance against it.
While Swiss and Munie Re comprise a large percentage of Re market share, there are plenty of other options for coal industry firms to get insurance / reinsurance. This symbolic move by Munie & Swiss will net them publicity, and some support by liberals, but not much else. Purely political moves by companies rarely succeed, and those that do are usually those with significant underlying justification. The coal industry is MUCH safer and cleaner than in the distant past, the latter being the basis for liberals’ current naive political stance against it.