Climate Change Rule Looms For Ill-Prepared Insurers

Law360, New York (March 27, 2013, 8:33 PM ET) -- After a recent report found insurers largely unprepared for climate change, Georgia lawmakers are considering following other states and adopting a controversial requirement forcing insurers to identify climate risks, a measure attorneys say could catch on despite the industry's insistence that it's more burdensome than beneficial.

Six Democrats in the Georgia House of Representatives last week floated a resolution urging the state insurance commissioner to mandate that insurers detail their preparations for climate-related risks.

So far, California, New York and Washington stand alone in requiring the...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required