investment News

Lloyd’s of London Steps Back From Coal in First Climate Change Policy

LONDON — Lloyd’s of London is scaling back its exposure to coal and oil sands, the commercial insurance market said in its first sustainability report on Wednesday, in a reversal of its traditional hands-off approach to climate change strategy. Lloyd’s …

Treasury Receives $972 Million Repayment from AIG

American International Group on Monday repaid $972 million to the U.S. Treasury. The latest repayment brings the insurance giant’s outstanding balance from the 2008 taxpayer-funded bailout down to roughly $68 billion. The government provided AIG with $182 billion at the …