Stress test: Californian insurance industry heavily overexposed to coal risk

Madeleine Cuff
clock • 3 min read

Industry-wide analysis reveals insurance sector has exposure to coal consistent with trajectory for six degrees of warming

The California Department of Insurance (CDI) has become the first US financial regulator to conduct a climate-related financial risk stress test and analysis of insurers' exposure to fossil fuels, in what...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Google makes first investment in long-duration energy storage

Google makes first investment in long-duration energy storage

Google invests in Italy's Energy Dome to support plans to deploy commercially proven long duration storage technology

clock 25 July 2025 • 2 min read
Win-Win and the cocoa-free chocolate factory raises £3m for European expansion

Win-Win and the cocoa-free chocolate factory raises £3m for European expansion

Creators of UK's first cocoa free chocolate alternative Win-Win completes latest funding round, taking total capital raised to date to £8m

clock 24 July 2025 • 2 min read
SBTi launches industry-first net zero standard for banks and investors

SBTi launches industry-first net zero standard for banks and investors

Financial firms required to end project financing for new fossil fuel projects and assess and disclose exposure to deforestation risks to secure SBTi validation

Michael Holder
clock 22 July 2025 • 6 min read