Climate Risk Disclosure Survey Response Due August 31, 2019

August 8, 2019 The California Department of Insurance, in conjunction with the Connecticut Insurance Department, the Minnesota Department of Commerce, the New Mexico Office of the Superintendent of Insurance, the New York Department of Financial Services, and the... Read more

Climate Risk Disclosure Survey Response Due August 31, 2019

August 6, 2019 The California Department of Insurance, in conjunction with the Connecticut Insurance Department, the Minnesota Department of Commerce, the New Mexico Office of the Superintendent of Insurance, the New York Department of Financial Services, and the... Read more

Climate Change Hears Presentations on Disclosures from International Organizations

August 16, 2018 The Climate Change and Global Warming (C) Working Group heard a presentation from an organization called Principles for Responsible Investment that advocated for a disclosure from insurance companies citing their metrics and targets for climate-related... Read more

Six-State Insurer Climate Survey Due Aug. 31

July 19, 2018 Insurers with $100 million or more in premiums that are licensed in California, Connecticut, Minnesota, New Mexico, New York, and Washington are again obligated to submit the climate risk disclosure survey by Aug. 31. These companies are required to... Read more

California, Connecticut, Minnesota, New Mexico, New York, Washington: Climate Risk Disclosure Survey Response Due Aug. 31

July 19, 2018 The California Department of Insurance, in conjunction with the Connecticut Insurance Department, the Minnesota Department of Commerce, the New Mexico Office of the Superintendent of Insurance, the New York Department of Financial Services, and the... Read more

Washington: OIC Sets Aug. 31 Due Date for Annual Climate Risk Disclosure Survey

July 17, 2018 The Office of the Insurance Commissioner has requested companies authorized to do business in the state to respond to the annual mandatory insurer climate risk disclosure survey. The completed survey is due Aug. 31, 2018. Please register and submit... Read more

Washington: OIC Invites Insurance Industry to Climate Risk Summit

May 9, 2016 The Washington State Office of the Insurance Commissioner and the University of Washington Climate Impacts Group are hosting “Break in the Ice: Climate Risk and the... Read more

California: Carbon Initiative Thermal Coal Divestiture, Fossil Fuel Investments Disclosure

May 5, 2016 The California Department of Insurance has released information pertaining to the data call on its Climate Risk Carbon Initiative. All insurers licensed or issuing policies in California with $100 million or more in national premium are required to... Read more

Terrorism Working Group Floats Data Collection Instrument

November 24, 2015 During its meeting on Nov. 19, the Terrorism Insurance Implementation (C) Working Group provided further details and insight regarding a new terrorism insurance data collection proposal that was unveiled by NAIC staff and a group of state regulators dur... Read more

Ceres to Coach Examiners on Climate Risk, Insurer Solvency

April 7, 2015 The Climate Change and Global Warming (C) Working Group met on March 28 and heard presentations from Munich Re and Ceres. In the first presentation, Carl Hedde of Munich Re discussed his company’s projections of “climate change impacts on North America,... Read more

Ceres Will Again Take Center Stage at Climate Change Meeting

March 25, 2015 The fall 2014 meeting of the Climate Change and Global Warming (C) Working Group was devoted entirely to a presentation from Ceres, the climate change advocacy group, regarding its report evaluating insurers’ responses to the questions contained in the ... Read more

Obama Issues Executive Order to Establish a Federal Flood Risk Management Standard

February 2, 2015 The Obama administration caught many in the nation by surprise when it issued an executive order Jan. 30 to address risk reduction in relation to climate change. The executive order states, “It is the policy of the United States to improve the resilienc... Read more

Ceres Presents Report Castigating Insurers on Climate Change

December 2, 2014 The meeting of the Climate Change and Global Warming (C) Working Group on Nov. 16 was devoted entirely to a presentation from Ceres, the climate change advocacy group that last month issued a report titled Climate Risk Disclosure Survey Report & Scoreca... Read more

Climate Change Working Group to Receive Ceres’ Survey Report

November 12, 2014 The meeting of the Climate Change and Global Warming (C) Working Group on Nov. 16 will be devoted to two presentations. The working group will first hear from Howard Kunreuther on “Climate Change, Insurance and Behavioral Economics.” Kunreuther is a pro... Read more

BuildStrong Executive Committee Meets With Administration Officials

October 20, 2014 The BuildStrong Coalition’s executive committee held a meeting Oct. 17 in Washington, D.C., to discuss the strategy for 2015 with a number of outside parties invited to address the group. The meeting started out with a discussion of a new proposed membe... Read more

Actuaries, Rating Agencies Weigh In on Climate Change

August 25, 2014 The Climate Change and Global Warming (C) Working Group heard two presentations from two entities that have been surprisingly absent from the NAIC’s discussions of climate change in recent years: actuary associations and rating agencies. In the first pr... Read more

Climate Change Working Group to Hear From Actuaries, Rating Agencies

August 14, 2014 The meeting of the Climate Change and Global Warming (C) Working Group will be devoted to two presentations. It will first hear from representatives of the Casualty Actuarial Society, the American Academy of Actuaries, and the Society of Actuaries, who ... Read more

White House Report Shows Need for Mitigation Policy: NAMIC

May 7, 2014 The findings of an Obama administration report on climate change and its economic impact provides a substantial argument for Congress to take and adopt legislation promoting disaster mitigation, the National Association of Mutual Insurance Companies sai... Read more

White House Climate Report Supports Mitigation, Building Codes

May 7, 2014 The White House’s U.S. Global Change Research Program on May 6 issued its report on climate change in the United States, focusing on changes that are happening now and further changes that we can expect to see throughout this century. The report offers ... Read more

Climate Change Working Group Discusses ‘Analytic Tools’ for Evaluating Climate Survey Responses

April 9, 2014 The Climate Change and Global Warming Working Group met for the first time as a sub-unit of the Property and Casualty Insurance (C) Committee. Previously the group was housed within the Financial Condition (E) Committee, and before that as a task force ... Read more

Climate Change Working Group Will Discuss ‘Analytic Tools’ for Evaluating Climate Survey Responses

March 27, 2014 The Climate Change and Global Warming Working Group will meet for the first time in its latest incarnation as an appendage of the Property and Casualty Insurance (C) Committee. Previously the working group operated under the auspices of the Financial Co... Read more

NAIC: Climate Change Working Group Focuses on Flood Insurance Concerns

August 29, 2013 The Climate Change and Global Warming (E) Working Group voted to disband its two subgroups, one formed to explore possible revisions to the NAIC Insurer Climate Risk Disclosure Survey and the other formed to draft climate change-related content for incl... Read more

NAIC: Climate Change Working Group to Focus on Flood Insurance

August 22, 2013 The Climate Change and Global Warming (E) Working Group is slated to hear two presentations involving flood insurance, according to the final agenda for the summer national meeting. One presentation will address “Mortgage Servicing: Flood Insurance Admi... Read more

Proposed EPA Rule Suggests Insurers ‘Check Engine’

June 10, 2013 The U.S. Environmental Protection Agency has joined the list of federal regulators suggesting yet another potential mandate for insurance companies to meet. The EPA has proposed rules to implement new pollution standards that include the idea that state... Read more

Climate-Change Questions Will Be Included in Examiners Handbook

December 5, 2012 The Climate Change and Global Warming (E) Working Group met Dec. 1 mainly to hear a presentation from the Institute for Building and Home Safety on the IBHS’s efforts to promote strong building codes and encourage disaster-resistant structural design an... Read more

NAMIC Public Policy Summit Videos Available on NAMIC Online

October 3, 2012 Links to full video recordings of the three panel discussions that took place during the 2012 NAMIC Public Policy Summit are now available on NAMIC Online. The summit was held on Sept. 12-13 in Washington, D.C. The online video recordings, available her... Read more

Climate Change Working Group Stymied by Definitional Problem

August 16, 2012 In a meeting that was largely transactional, the Climate Change and Global Warming (E) Working Group voted to accept status reports from its two subgroups. Only the subgroup charged with considering the addition of climate-change-related content to the ... Read more

Climate Change Working Group Will Consider Additions to Examiners Handbook

August 8, 2012 The Climate Change and Global Warming (E) Working Group consists of two subgroups: one is charged with considering whether changes should be made to the NAIC’s Insurer Climate Risk Disclosure Survey, while the other has been asked to determine whether c... Read more