Coal dinged by insurance refusals

Chubb, the biggest commercial insurer in the US, has announced it will stop insuring new coal fired power plants and phase out coverage of coal mining companies by 2022. It will also restrict coverage to power generating companies that produce more than 30% of energy from coal, and cease new investments in coal companies. In the summary view of the Rainforest Action Network "Chubb has become the first major U.S. insurance company to acknowledge the key role the insurance industry has to...