Insurance industry trade groups balked at calls to require carriers to collect and disclose more information about how climate change might impact their operations, investments and fiscal stability during a meeting of state regulators.
The two sides clashed at a hearing of the National Association of Insurance Commissioners' Climate Change Task Force. Industry advocates argued that the disclosure being sought was punitive and impossible to supply, while groups seeking the information said any difficulties could be worked out and insurers just need prodding.
The session began with distribution of maps displaying a 160-square-mile piece of ice shelf that has broken off Antarctica. "I think it shows a trend and we have a potential for a much larger collapse," said Wisconsin Insurance Commissioner Sean Dilweg, who heads the task force.
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