As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future
New coal power projects are becoming “effectively uninsurable” outside China because so many insurance companies have ruled out support for them, a report has found.
Recent commitments to stop underwriting coal by prominent US insurers AIG and Travelers have brought the number of coal insurance exit policies to 41, according to the latest industry scorecard by the climate campaign Insure Our Future.
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