Australian Ethical, which holds $56m worth of QBE shares, calls on insurer to overhaul its policies which allow it to underwrite oil and gas projects without restriction ahead of AGM
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An ethical super fund is pushing for QBE to overhaul its coverage policies amid criticism the insurer can underwrite fossil fuel projects without restriction while blaming the climate crisis for steep premium rises.
The critique comes ahead of QBE’s annual general meeting in Sydney on Friday, and against a backdrop of rapidly rising premiums that has priced some households out of insurance coverage altogether.
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