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Citing Climate Initiatives, Allianz To Halt Coal-Only Cover

By William Shaw (May 4, 2018, 11:38 AM BST) -- Allianz SE will immediately cease selling cover to power plants fired only by coal and coal mines, and plans to withdraw completely from insuring coal-based businesses by 2040, Europe's largest insurer said Friday, as part of its effort to meet the demands of the Paris climate accord....

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