States Tell More Insurers To Detail Climate Change Response

Law360, New York (July 17, 2013, 5:48 PM EDT) -- State insurance commissioners said Wednesday they are doubling the number of insurers that must outline their preparedness for climate change, as Connecticut and Minnesota joined three other states in mandating a response for the first time.

The policy shift affects insurers in California, Connecticut, Minnesota, New York and Washington that write $100 million in annual premiums. In 2012, California, New York and Washington directed insurers writing $300 million in annual premiums to complete the survey, while Connecticut and Minnesota did not mandate a response.

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