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European insurers are underwriting 30% of US coal, study says (www.mining.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The Insure Our Future report singled out Lloyd’s of London Ltd ... insures 10 mines producing 22.8% of US coal output. Zurich insures two mines producing 4.9% of US output, while Swiss Re insures one mine producing 3% of output, according to the report.

I heard that insurance companies are pulling out of regions impacted by wildfire and flood. Neat they're still doing the otherside of it though.

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[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Then don't make them pay. Have corporations foot the bill and ban them from passing the prices along to the consumer.

[–] [email protected] 0 points 1 year ago (1 children)

Do you have an example of such an iron clad piece of legislation?

[–] [email protected] -1 points 1 year ago

Make your Congresscritter come up with one.