MILAN, Nov 9 (Reuters) – Italy’s biggest insurer Generali said on Friday it would stop offering insurance coverage for new coal mines and plants, marking a step up in the company’s support for green policies.

Generali’s action, which comes ahead of a United Nations climate change conference in Poland in December, is the latest by a big insurance company that targets the coal industry as part of efforts move towards a lower carbon economy.

Europe’s third biggest insurer said in a note on its website it would not provide insurance for coal-related assets of potential new clients and would not be increasing its minimal insurance exposure to coal-related activities. Read More