It was not the finest moment for the National Association of Insurance Commissioners. Amid disturbing confusion, the group last month managed a 180-degree policy reversal, recommending that states ask insurers to voluntarily respond to surveys about climate-related risks, and then keep any information collected confidential.
The vote took a lot of people by surprise, as the association's position for a year had been that the survey should be mandatory, with results made available to the public.
Then, without warning, a new draft emerged at the 11th hour. While insurers are no doubt pleased about the turnabout, NAIC's opaque, dysfunctional policy-making process remains troubling.
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