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The role of U.S. insurance regulators in responding to climate change.
- Article from:
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UCLA Journal of Environmental Law & Policy
- Article date:
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December 22, 2007
- Author:
- Mills, Evan
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Copyright informationCOPYRIGHT 2007 University of California at Los Angeles, School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ABSTRACT:
This article addresses three key issues set forth in the National Association of Insurance Commissioners' (NAIC) Climate Change & Global Warming Task Force charter:
1. Implications of climate change on the insurance sector
2. Insurers' knowledge of potential climate change impacts
3. Recommendations on steps that regulators could take to assure that they are adequately monitoring insurers' activities with regard to managing the financial condition and performance of insurance markets
The physical and economic aspects of the first question are dealt with in a previous article in the journal Science, and are summarized here. (3) The closely ...