Insurance industry taking a close look at limiting climate change exposure

Insurance industry - Fossil Fuels - Coal Plant

As a part of its efforts, it is taking certain moves away from fossil fuels, particularly in coal. The insurance industry is taking the threats from climate change increasingly seriously and as a part of its efforts to limit exposure, it is moving away from fossil fuels that pose the highest risk. Twenty-three companies have adopted coverage limiting or cessation policies for the coal sector. “This was not an issue that was central in the insurance sector, even 7 years ago,” explained Insurance Bureau of Canada national director of climate…

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