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Aviva under fire for taking only "baby steps" to move away from coal
11 May 2018Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental organisations (NGOs) that targets insurers facilitating fossil fuel extraction, for investing in the coal sector.
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Japan life insurer in landmark move to end new coal financing
09 May 2018Japan’s Dai-ichi Life Insurance has said it will end new project financing for overseas coal power plants, in a landmark decision among Japanese financial institutions.
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California conducts US insurance investment climate risk study
09 May 2018California's insurance commissioner Dave Jones has conducted a state-wide climate risk analysis of insurance companies' investments in fossil-fuels, making it the first US financial regulator to carry out this kind of test.
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Allianz to walk away from coal by 2040
04 May 2018The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.
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Swiss Re develops first ever parametric insurance policy for a coral reef
09 March 2018The first ever parametric insurance policy for a coral reef has been developed by The Nature Conservancy (TNC), the Mexican state government of Quintana Roo and Swiss Re.
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Surviving climate change needs adaptation as much as insurance
07 March 2018EU insurers warn of overreliance on government post-disaster funding
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"Poor" climate risk practice puts pensions at risk, claims report
06 March 2018Millions of pension savers in the UK are at risk of significant losses due to lack of action from pension providers and their regulator on climate risk, a report has claimed.
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Axa eyes further divestments from carbon-intensive energy
22 February 2018Axa became the second major European insurer in as many weeks to address the contentious topic of underwriting fossil fuel production at its annual results.
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Generali raises green investment bar by €3.5bn and divests from coal
22 February 2018Generali will ramp up its green investments and divest from coal as part of its new climate change strategy.
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Allianz sees dialogue as means to reach 'zero coal'
16 February 2018Underwriter was forced to defend insuring fossil fuels at full-year results