Friday, March 8, 2013

Ceres Report Released: Insurer Climate Risk Disclosure Survey 2012

Yesterday, Ceres an international "advocate for sustainability leadership"  issued a report titled, Insurer Climate Risk Disclosure Survey 2012 (2013). According to the press release for the report, and available with a one-time free registration,
[t]his report summarizes responses from insurance companies to a survey on climate risk developed by the National Association of Insurance Commissioners (NAIC). In 2012 insurance regulators in California, New York and Washington required insurers that write in excess of $300 million in direct written premiums, and are licensed to operate in any of the three states, to disclose their climate-related risks using this survey. The aim of the survey and Ceres’ analysis of the responses is to provide regulators with substantive information about the risks to insurers posed by climate change, as well as steps insurers are taking in response to their understanding of climate change risks.

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