Legal & General Investment Management announced that it will divest from four companies, including AIG, due to unsatisfactory climate policies. (Photo: Michael Nagle/Bloomberg)

Legal & General Investment Management (LGIM), one of Europe's largest asset managers, announced that it will divest its holdings from four companies due to their "insufficient action to address the risks posed by climate change."

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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].