The National Association of Insurance Commissioners' Climate Change and Global Warming Task Force voted to adopt a mandatory “Climate Risk Disclosure Survey” that would query insurers on matters related to global warming and make their answers publicly available.
The Feb. 24 vote via teleconference clears the survey for consideration by the NAIC Executive Committee, which is scheduled to take place at the NAIC's next quarterly meeting in San Diego next month.
The survey consists of eight questions designed, according to the survey draft, “to provide regulators, shareholders and the public with substantive information about the risks posed by climate change to insurers and the actions insurers are taking in response to their understanding of climate change risks.”
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