ENVIRONMENTAL organisations and an American local authority have issued a lawsuit against the US government for its contribution to global warming, a move that may have important repercussions for the insurance industry.

A lawsuit filed in the US District Court in San Francisco claims that two American export credit agencies illegally provided US$32billion in financing for oil fields, pipelines and coal-fired power plants over the past 10 years without assessing their contribution to global warming. It also alleged that the companies ...

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