Climate Change Disclosure Obligations For Insurers
Law360, New York (February 11, 2011, 2:37 PM EST) -- The risk of insurance claims related to hurricanes, floods, wildfires and other natural catastrophes purportedly linked to climate change threatens the long-term profitability of some insurers, particularly property and casualty insurers. At the same time, investments held by insurance companies, including life insurers, may be at risk due to climate change and regulation of greenhouse gases. Many insurance companies are now assessing risks posed by climate change in connection with obligations to disclose such risks.
Underwriting and Investment Risks
Various studies have addressed whether global climate...