NY Bill Aims To Cut Emissions With 'Green' Insurance

Law360, New York (December 10, 2009, 4:03 PM EST) -- When the New York State Legislature returns to work in January, one of the first bills on the table will be a proposal to set up environmental standards and incentives in the insurance industry and create tax credits for investors in certified green financial institutions.

The bill — introduced by Sen. Antoine M. Thompson and Assemblywoman Crystal D. Peoples-Stokes — calls on the state's superintendent of insurance to work with a variety of agencies, environmental justice groups, industry and business interests and other stakeholders to establish...
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