The campaign to stop the proliferation of coal plants may come down to a bit of financial engineering: pulling the plug on insurance coverage. More than 30 insurance companies have announced restrictions on underwriting coal projects, making it difficult for major coal operators to line up bank financing and investment for mines, transportation and power… Continue reading Big Insurers Struggle Over Climate Approach
Tag: Net Zero Insurance Alliance
Big Insurance Companies Launch Net-Zero Climate Alliance
Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe’s top three insurers by premiums – Allianz, AXA and Generali – said the Net-Zero Insurance Alliance (NZIA) would work to shift underwriting portfolios towards… Continue reading Big Insurance Companies Launch Net-Zero Climate Alliance