The concept of “control” of insurers received significant attention from state insurance regulators last year and will receive even more in 2023. We wrote a brief report in April 2022 following the New York Department of...more
2/7/2023
/ Acquisitions ,
Banking Sector ,
Financial Services Industry ,
Insurance Industry ,
Insurance Regulations ,
Investment Management ,
Investors ,
NAIC ,
New York ,
NYDFS ,
Private Equity ,
Regulatory Oversight ,
Shareholder Rights
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
If anyone believed that the US Securities and Exchange Commission’s (SEC) release of proposed climate change-related disclosure requirements last month might have been an isolated matter, of immediate importance only to the...more
After a variety of promises concerning climate change-related regulatory development activity last year, forward movement has been relatively slow. The leading exception has been the New York Department of Financial Services...more
4/1/2022
/ Attestation Requirements ,
Climate Change ,
Disclosure Requirements ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
Insurance Industry ,
Materiality ,
NAIC ,
NYDFS ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
State Legislatures
US President Joe Biden’s May 20, 2021, executive order laid out an aggressive, whole-of-government plan to address climate change risk, including a set of directives that will have a major impact on the operations of the...more