LONDON (Reuters) -Lloyd's of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of "political attacks" on insurers in the United States.
"Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero (GFANZ) said on Friday, after five insurers quit an industry climate group within 24 hours in the wake of pressure in the United States.
(Reuters) -Ratings agency Fitch put the United States' credit on watch for a possible downgrade on Wednesday, raising the stakes as talks over the country's debt ceiling go down to the wire, and adding to the jitters in global markets.
LONDON (Reuters) -"Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero (GFANZ) said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States.
Ratings agency Fitch on Wednesday put the United States' credit on watch for a possible downgrade, raising the stakes as negotiations over the country's debt ceiling go down to the wire.
Global money market funds drew inflows for a fifth straight week in the seven days to May 24 as investors resorted to buying safer assets on caution with time running out for talks over raising the U.S. debt ceiling.
(Reuters) -Ratings agency Fitch said on Wednesday it had put the United States' "AAA" rating on negative credit watch, citing increasing political disputes around the country's debt limit.
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