SAN ANTONIO, TEXAS–Insurance company representatives here for the National Association of Insurance Commissioners voiced fears that new burdens will be put on them to help alleviate the impact of global warming.
Their comments came at a four-hour hearing prior to the opening of the NAIC winter meeting last week, at which regulators and industry representatives sometimes disagreed on the proper role the industry can play in climate change politics.
Nebraska Commissioner Tim Wagner, who co-chairs the Climate Change and Global Warming Task Force, said the insurance industry has an important duty to bring the issue to public consciousness since it has the most to lose from the possible effects of global warming.
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