Mine, shunned over climate change concerns, secures coverage

Four global insurers have agreed to underwrite Indian conglomerate Adani Group's Carmichael coal mine and rail project in the Australian state of Queensland despite local financial institutions shunning the project due to concerns about climate change, The Age reported. These insurers include Bermuda-based Aspen Insurance Holdings Ltd., France-based Axa XL, Germany-based HDI Global SE and U.S.-based Liberty Mutual Insurance Co.

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