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International

Korean Re to stop reinsurance coverage for coal projects

December 07, 2022 Reprints

South Korea-based reinsurer Korean Reinsurance Co. will stop providing reinsurance coverage for new coal mining or coal-fired power plant construction starting Jan. 1, 2023, Reinsurance News reported. This latest move follows similar declarations from major reinsurers around providing coverage for fossil fuel-related activities.

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Korean Re to stop reinsurance coverage for coal projects

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