Insurers' climate alliance loses nearly half its members after more quit
LONDON (Reuters) - Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as insurers take fright at U.S. political pressure.
Some Republican politicians have mounted a campaign against financial institutions collaborating to try to curb carbon emissions, and a group of Republican attorneys general have turned their focus on insurers by accusing them of potentially breaching antitrust laws in the United States.
Another of those little snippets of information picked up while browsing the internet. Idle browsing in this case, I wasn't looking for anything in particular.
Yet snippets like this one do highlight how complex global political games are and how they always trend towards more rules, more restriction and less choice for the little people. Fortunately this move seems to be stumbling, but it's another small piece in the jigsaw.
5 comments:
Can I get insurance for a trans-Atlantic ferry carrying several thousand battery powered electric vehicles?
Nah. Only joking.
You might get it for a dodgy inflatable from Calais though, Dooners...
Doonhamer and Scrobs - even for multi-storey car parks the insurance could become interesting.
In my last job in aerospace Li-ion battery production I witnessed a batttery fire. Great fun! Like a single hue firework display. Oxford fire brigade couldn't put it out, but it broke up the working day nicely.
Tammly - it seems to be a particular problem with imported electric scooters. Much smaller batteries but some people keep them inside the house.
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