Breaking cover: is coal becoming uninsurable?

POWER TECHNOLOGY | A growing list of insurers have become reluctant to cover new coal-fired energy projects due to the risks presented by climate change. Chris Lo discusses the campaign to persuade insurers to walk away from their relationship with coal Peter Bosshard, campaign co-ordinator at environmental group Unfriend Coal.

For those whose business is calculating, managing and pricing risk, there is nothing more concerning today than climate change. In the 12th Annual Survey of Emerging Risks, published in March 2019 by the Society of Actuaries and other trade associations, risk managers placed global warming at the top of their list as a current and emerging risk.

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