Munich Re moves away from coal as UK insurers face climate risk complaints

Michael Holder
clock • 3 min read

ClientEarth claims Admiral, Lancashire Holdings, and Phoenix Group Holdings have legal obligation to disclose climate risks in annual reports but have failed to do so

The world's second largest reinsurer Munich Re plans to stop offering insurance for new coal-fired power stations and mines in industrialised countries, according to reports. Moreover, following pressure...

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More on Risk

Survey: Finance ministries worldwide struggling to incorporate climate risk into decisions

Survey: Finance ministries worldwide struggling to incorporate climate risk into decisions

Survey finds many finance ministries worldwide recognise growing importance of climate change but many still lack the tools and capacity to tackle associated risks

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