According to RAN, Liberty Mutual is a top global insurer of coal, oil and gas. Their white paper says the company invests more than $6.6 billion in fossil fuel companies, including $1.5 billion in thermal coal. (Credit: Nicole S Glass/Shutterstock)
Yesterday, October 16, insurer and reinsurer AXIS Capital announced a new policy on fossil fuels in an effort to help expedite the transition to a low-carbon economy.
Breaking norms, AXIS Capital will restrict insurance for both coal and tar sands projects and companies, becoming the first U.S. insurer to do so.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
