On Jan. 25, 2016, California's Insurance Commissioner Dave Jones also urged insurance companies operating in the state to wind down their investments in thermal coal.
Under the proposal, insurers doing business in California with written premiums over $100 million nationwide were asked to divest in any company that generated 30 percent or more of its revenue from the ownership, exploration, mining, or refinement of thermal coal.
|Public disclosure
Although this "Climate Risk Carbon Initiative" doesn't carry a monetary penalty and is strictly voluntary, insurance companies' choice to comply (or not) will be publicly disclosed.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.