Insurers Must Name Climate-Problem Clients, Nonprofits Say
Law360 (March 21, 2019, 8:44 PM EDT) -- California is under pressure to force insurers to name the fossil-fuel projects they insure and underwrite, with nonprofit groups calling Thursday for emergency measures from the state's insurance regulator.
Fifty-eight public interest nonprofits, including Consumer Watchdog, Greenpeace, Public Citizen, Sierra Club California and Divest Invest, wrote to California's new insurance commissioner, Ricardo Lara, asking the regulator to immediately start rulemaking proceedings to require California-licensed insurers to disclose "all their investments in fossil fuel-related entities" and "all the fossil-fuel-related companies and projects that they underwrite or otherwise insure."
The request comes as the National Association of Insurance Commissioners considers abolishing a questionnaire...
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