The insurance industry seems to be first out of the gate with new rules for disclosure of climate change risks. Insurance companies themselves, however, may be off to a slow start in complying with the new rules.
As Compliance Week previously reported, in March the National Association of Insurance Commissioners adopted a mandatory requirement that large insurance businesses must complete an eight-part “Insurer Climate Risk Disclosure Survey” every year. The initial reporting deadline is May 1, 2010.
