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Generali to stop covering Polish coal mines

Posted On: May. 8, 2019 5:51 AM CST

Coal mine excavator, Poland

Italy-based insurer Assicurazioni Generali S.p.A. said that it will not insure Polish energy company PGE Polska Grupa Energetyczna S.A.'s Turow coal mine as well as all existing coal mines in Poland, World Coal reported. Generali also said that it has cut ties with two coal companies due to climate change concerns and will renew coverage for other companies only after the businesses implement a transition plan to move away from coal.

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