Lloyd’s of London, the world’s largest insurance market, said it’s joining efforts to support the pivot to a lower carbon economy and set out a timetable to phase out coverage for some of the most polluting industries. Lloyd’s said Wednesday it will end investment in thermal coal-fired power plants, thermal coal mines, oil sands and new Arctic energy exploration activities. It also will ask the more than 50 so-called managing agents that oversee insurance syndicates at the more than 300-year-old marketplace to stop insuring or investing in the same areas by January 2030. In addition, Lloyd’s Corporation, which oversees the insurance market, said it will allocate 5% of its central fund for impact investments by 2022, and will prepare to cut net emissions from its […]