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Like several others, Travelers has been hiking home insurance premiums and restricting coverage to protect itself from the financial impacts of extreme weather events associated with climate change, such as the recent Los Angeles fires.
Investors that want to invest sustainably, increasingly want to do so passively, Hortense Bioy, Global Director of Sustainability Research at Morningstar, told a roundtable event hosted by the data and research firm this week. Passive funds make perfect sense for investors that want to screen out unethical stocks.
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