A quiet revolution is happening in insurance, as many of the industry's big players pull their backing and investment from the coal power sector, potentially raising the price of electricity.
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| Insurers are pulling away from coal-fired power stations, dropping support and investments in the sector. |
About 10 per cent of global insurance assets are being impacted by these changes, but risk management firm Aon believes that as the movement gains momentum, 20 per cent of all insurers could drop their coal assets by the end of the year.
Read Cole Latimer’s story from The Age - “Insurance industry shift from coal could mean higher power prices.”
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