Climate change issues have raised substantial challenges for insurers' investment departments, according to a study by the National Association of Insurance Commissioners.
The NAIC's Global Warming and Climate Change Task Force issued its study earlier this month at the commissioners spring meeting and asked for comments to be submitted during the next 30 days.
The report noted that insurers invest heavily in real estate. "Many of these assets are located in areas within coastal areas most at risk for hurricanes, or low-lying areas subject to flooding," the report said.
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