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Australia-based QBE Insurance Group Ltd. plans to stop offering new policies for thermal coal mines, coal-fired power stations and coal transport infrastructure across the world, starting July 1, Reuters reported. QBE plans to exit from all direct insurance coverage for thermal coal customers by 2030 to mitigate climate change-related risks.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees