Guardian: The US insurance industry, the countrys second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability, according to a report released Tuesday.
The report, funded by Ceres, a Boston-based sustainability advocacy group, analyzes investment data from the countrys 40 largest insurance companies, including Prudential, AIG, Metlife, State Farm and Allstate. The report doesnt quantify the potential...