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AXIS capital jumps ship on coal, leaving industry scrambling

Posted On: Oct. 28, 2019 8:01 AM CST


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.

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