Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels December 10, 2024 By Gautam Naik Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums...
Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven October 11, 2024 By Natasha White Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house...
More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research June 18, 2024 More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting...
Major World Economies Seek to Halt New Private Sector Coal Financing June 11, 2024 By Kate Abnett and Simon Jessop Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures April 8, 2024 By Myriam Balezou and Gautam Naik Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning...
France, US Plan to Seek Ban on Private Finance to Coal-Fired Plants at COP28: Sources November 22, 2023 By Sarita Chaganti Singh, Kate Abnett and Valerie Volcovici France, backed by the United States, plans to seek a halt to private financing for coal-based power plants during the...
Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report November 9, 2023 By Gautam Naik Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by...
European Insurers Underwrite 30% of US Coal: Study September 28, 2023 By Gautam Naik and Alastair Marsh Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the...
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes September 19, 2023 By Melanie Burton and Navya Mittal Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three...
Coal Producers Forced to Self-Insure as They Are Cut Adrift by Insurers August 31, 2023 By Clara Denina and Sarah McFarlane Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they...