Despite climate promises, insurance companies are still covering coal
The insurance industry is in a state of flux because of climate change. This year has seen a record-breaking number of costly disasters in the United States, and insurance companies are on the hook for much of that property damage. But even as insurers pull out of disaster-prone areas, deeming them too risky to insure, they are continuing to cover one of the most polluting industries: coal.
A new report from Public Citizen, a nonprofit advocacy organization, and Insure Our Future, a...