The climate change landscape for insurers has changed dramatically this past month. There are multiple developments insurers should keep in mind – and not just the US Securities and Exchange Commission’s (SEC) recent adoption...more
3/18/2024
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Insurance Industry ,
NAIC ,
New Rules ,
Popular ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
State Legislatures
This year started off with a surge of enthusiasm among US proponents of increased climate-related financial risk disclosure by insurers and others:
- Soon after the late-2021 Conference of the Parties (COP) 26 event in...more
In our report published on April 26, 2022, we discussed the New York Department of Financial Services’ (NYDFS) Circular Letter No. 5 in which it reminded the industry that acquiring less than 10% of an insurer’s voting...more
5/6/2022
/ Corporate Counsel ,
Corporate Governance ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Documentation ,
Holding Companies ,
Insurance Industry ,
NAIC ,
New York ,
NYDFS ,
Private Equity ,
Reinsurance Agreements ,
Working Groups
In late November 2020, we published a high-level review of insurance regulatory developments relating to climate change, available here. In the six weeks since, regulators and industry participants on both sides of the...more
1/5/2021
/ Climate Change ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
EIOPA ,
EU ,
Financial Regulatory Agencies ,
IAIS ,
Insurance Industry ,
ORSA ,
Proposed Amendments ,
Regulatory Oversight ,
Risk Management ,
Sustainable Finance ,
Underwriting