It was a historic year in the fight against coal power as ten major insurance firms moved to restrict the insurance coverage they offer to companies that build or operate coal power plants, taking the global total to 17. 2019 saw the number of insurers refusing coverage for coal … [Read more...] about Coal power is becoming ‘uninsurable’ as major insurance firms refuse coverage
insurance
Chubb becomes America’s first insurance company to step away from coal
US insurance giant Chubb Limited just announced new policies when dealing with coal, and it’s not going to make friends of the fossil fuels industry happy. The company announced it no longer will underwrite the construction and operation of new coal-fired plants or new risks … [Read more...] about Chubb becomes America’s first insurance company to step away from coal
Divestment from coal is good business for French insurance giant Axa
The international fossil fuel divestment movement has been growing steadily, ahead of the U.N. Climate Summit in Paris later this year. The most recent announcement comes from French insurance giant Axa, who is slated to sell $559 million of its coal investments, while having … [Read more...] about Divestment from coal is good business for French insurance giant Axa
