On Dec. 13, 2019, insurer Liberty Mutual announced a new policy that restricts coal insurance and investing. (Photo: Shutterstock)
Just two months after activists launched a campaign against Liberty Mutual for the company's role in fueling the climate crisis, the insurer has announced a new policy restricting coal insurance and investing.
The news comes as the global climate movement sweeps across the insurance industry. Numerous protests and media coverage have placed immense public pressure on some of the world's largest insurers to abandon policies that perpetuate climate change. According to the Union of Concerned Scientists, coal is considered the single biggest contributor to global warming.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
