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According to FM Global, 9 in 10 business leaders at Fortune 500-size companies say equipment failure risk is a major concern. (Photo: Shutterstock) Trans Mountain’s Certificate of Insurance lists 11 companies that are collectively providing $508 million of liability insurance ending in August 31, 2020. (Photo: Shutterstock)

After a year of sustained pressure by environmental groups, one insurer has backed out of its policy coverage of Canada’s controversial Trans Mountain pipeline.

Environmental advocacy group Stand.earth applauded German insurer Talanx last week for dropping its coverage of the oil sands project. The move demonstrates a commitment made to a new policy adopted by the company earlier this year in which Talanx discontinued insurance coverages for particular coal companies and tar sands projects.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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