The National Association of Insurance Commissioners Climate Change and Global Warming Task Force voted last week to adopt a mandatory "Climate Risk Disclosure Survey" that would query insurers on how environmental challenges impact their operations and what they are doing about it–as well as make their answers public.
The Feb. 24 teleconference vote clears the survey for consideration by the NAIC Executive Committee, which is scheduled to take place at the NAIC's next quarterly meeting, in San Diego, March 14-17.
The survey consists of eight questions designed, according to the survey draft, "to provide regulators, shareholders and the public with substantive information about the risks posed by climate change to insurers and the actions insurers are taking in response to their understanding of climate change risks."
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