GRAPEVINE, TEXAS–A proposal by insurance regulators, that met stiff insurer opposition, to have carriers include data related to climate change impacts in their Annual Statements has been modified, trade groups said.
Insurance organizations attending the National Association of Insurance Commissioners winter meeting here said a compromise on the issue may be in place for 2009.
Representatives of the American Council of Life Insurers, Washington; the National Association of Mutual Insurance Companies, Indianapolis; and the Property Casualty Insurers Association of America (PCI), Des Plaines, Ill., said a new direction for filing such data could be established during a conference call of the Climate Change and Global Warming Task Force on Dec. 17.
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