The number of insurers withdrawing cover for coal projects more than doubled this year and for the first time US companies have taken action, leaving Lloyd’s of London and Asian insurers as the “last resort” for fossil fuels, according to a new report. The report, which rates the world’s 35 biggest insurers on their actions… Continue reading Coal Power Becoming ‘Uninsurable’ As Firms Refuse Cover
Tag: insurers
The Global Insurance Industry’s $6 Billion Existential Threat: Coal Power
Insurance companies face catastrophic damage from climate change, yet they continue insuring and funding the biggest cause of those damages instead of preventing the “existential threat” of inaction on climate policy. Extreme weather driven by climate change is creating record losses for insurers and their customers, and if left unchecked, those losses could triple within… Continue reading The Global Insurance Industry’s $6 Billion Existential Threat: Coal Power
Insurers Come Up Short for Independent Agents Despite Critical Role Agents Play in Driving Business, J.D. Power Finds
The more satisfied independent insurance agents are with a carrier, the more business they will conduct with that carrier. Despite this fact, which is clearly evident in the J.D. Power 2019 U.S. Independent Insurance Agent Satisfaction StudySM released today, overall agent satisfaction with the service they receive from insurers is among the lowest of business… Continue reading Insurers Come Up Short for Independent Agents Despite Critical Role Agents Play in Driving Business, J.D. Power Finds
Brexit Drives Nearly 50 Financial Firms to Luxembourg
Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure… Continue reading Brexit Drives Nearly 50 Financial Firms to Luxembourg