Coal news and updates

General insurers in India, China, Indonesia may reduce exposure to coal industry gradually: Moody’s

General insurers in India, China, Indonesia and Vietnam, part of the Asia-Pacific nations, will take a gradual approach in reducing their exposure to coal or coal-related industries, said Moody’s Investors Service in a new report.

According to Moody’s, the plan of Asia-Pacific (APAC) insurers to curtail or even cease underwriting and investment exposures to coal or coal-related industries are credit positive, although their coal exposures are generally small.

According to Moody’s, such initiatives will reduce insurers’ potential liability risk from weather-related claims and stranded asset risk, where insurers’ coal-related investment assets will lose economic value.