Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows June 12, 2020 By James Thornhill Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure...
Liberty Mutual to Limit Coal Underwriting, Investments; Names First Sustainability Officer December 16, 2019 Liberty Mutual Insurance said it will drastically limit future underwriting for and investment in coal risks, an apparent response to...
AXIS Capital Sets Clean Energy Policy Designed to Reduce Climate Risks October 17, 2019 AXIS Capital Holdings Ltd. won’t insure, invest in or provide insurance or reinsurance for new coal plants or oil pipelines...
Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline August 8, 2019 By Valerie Volcovici A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to...
CBA Joins Other Australian Companies with Aims to Cut Coal Exposure August 8, 2019 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change June 24, 2019 By Kelly Gilblom and William Mathis One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting April 22, 2019 Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list...
BNP Paribas’ Insurance Unit Cuts Exposure to Coal on Climate Change Concerns March 19, 2019 The Cardif insurance division of BNP Paribas, France’s largest bank, on Monday outlined new targets to reduce its exposure to...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers November 29, 2018 By Don Jergler California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal...