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Nearly half of the global reinsurance market is now limiting services for the coal sector after AXIS Capital Holdings Limited became the second U.S. insurer to announce restrictions, Asian Insurance Review reported. A total of 17 insurers have adopted policies restricting coal insurance over the last two years, while four have announced policies on tar sands coverage.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms