coal insurance News

Coal Producers Forced to Self-Insure as They Are Cut Adrift by Insurers

Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for …

Lloyd’s Insurer Brit to Stop Insuring Australia’s Adani Coal Mine

Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar pledges. Carmichael has provoked controversy in Australia with its …

XL Insurance to Cut Coal Industry Business Under Parent AXA’s Climate Order

AXA, France’s biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global warming. AXA, Europe’s second largest insurer after Allianz, …