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Some insurers have started taking action by divesting the companies they deem responsible for climate change in the first place and adopting a more aggressive approach to ethical, social and governance (ESG) investing.
Increasingly, insurance companies are taking a similar stance when it comes to deciding which clients to insure. A growing number have pulled back from insuring thermal coal companies, for example. If they are not investing in these companies, they argue, they should not be insuring them. Germany’s Allianz said in May that it would pull its coverage from single coal-fired power plants and coal mines, and that it would phase all coal risks out of its business by 2040.
https://www.ft.com/content/92e19630-aba2-11e8-8253-48106866cd8a?desktop=true
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