WASHINGTON–Consumer advocates told the nation's insurance regulators at a meeting here that insurers should be made to disclose information related to the potential impact of climate change on their annual financial disclosure forms–a suggestion that industry representatives said is premature.
Their rival viewpoints were delivered at the fall gathering of the National Association of Insurance Commissioners, which concluded yesterday.
NAIC's Global Warming (EX) Task force, heard from the two sides in the course of considering a proposal to require insurers to answer questions relating to climate change and its potential effect on their business and their policyholders' businesses on their annual financial disclosure statement.
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