Insurance trade groups are seething over plans by regulators to move ahead this weekend with a proposed rule requiring insurers to make assessments of climate change impact on their customers and investment partners.
The draft regulation due for discussion by the National Association of Insurance Commissioners at their meeting Sunday in Orlando, Fla., embodies "a confrontational, destructive approach," said David Snyder, American Insurance Association vice president and assistant general counsel.
In addition to the AIA, the proposal has drawn opposition from the Property Casualty Insurers Association of America (PCI) and National Association of Mutual Insurance Companies (NAMIC).
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