NAIC Requests Comments On Insurer Climate Change Survey Documents By January 8
Dec 14, 2009
The National Association of Insurance Commissioners (“NAIC”) Climate Change and Global Warming Task Force is requesting comments on the following documents related to the NAIC Insurer Climate Risk Disclosure Survey (“Survey”):
- Cover letter explaining the purpose of the Survey (to be sent to insurers by state insurance regulators)
- Survey prototype
- List of insurer groups with direct written premium of over $30 million by state
Comments in Microsoft Word format should be forwarded to Pam Simpson at psimpson@naic.org by Friday, January 8, 2010 at 5:00 p.m. (CST).
The goal of the Survey is to generate substantive information about the risks posed by climate change to insurers and the actions that insurers are taking in response to their understanding of climate change risks. Disclosure of climate change risks has been deemed by the NAIC to be important because of the potential impact of the issue on insurer solvency, insurance availability and affordability across all major categories of insurance.
To view a copy of the Survey, click here. For answers to frequently-asked questions about the Survey, click here.
Recent related media coverage from National Underwriter is below.
Should you have any questions or comments, please contact Colodny Fass.
NAIC Takes Heat On Climate Change Poll
Insurance groups object to implementation options for global warming survey
National Underwriter–December 14, 2009
The regulator leading the National Association of Insurance Commissioners’ controversial effort to collect insurer climate risk data said companies will be given lots of leeway in responding. But carrier groups—already leery about the possible exposures they’ll face by participating—are also alarmed about how the survey might be implemented should a particular state not fully cooperate.
NAIC Says Insurers Can Limit Answers On Climate Survey
National Underwriter–December 10, 2009
The regulator leading the National Association of Insurance Commissioners effort to get insurers’ climate change information said companies will be given lots of leeway in responding.
Insurers Won’t Dodge Climate Survey, Regulator Promises
National Underwriter–December 9, 2009
A key insurance regulator said insurers will be pursued for climate risk data by the National Association of Insurance Commissioners even if their state of domicile doesn’t ask for it.
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