News & Analysis as of

Insurance Industry Climate Change Regulatory Oversight

Troutman Pepper Locke

New York Legislators Investigate Residential Property Insurance

Troutman Pepper Locke on

In a press release published August 25, New York Senators James Skoufis, Jamaal Bailey, and Brian Kavanagh announced a joint investigation into residential property insurance. The purpose of the investigation is “to identify...more

Mayer Brown

Climate and Resiliency (EX) Task Force

Mayer Brown on

The Climate and Resiliency (EX) Task Force (“CRTF”) of the US National Association of Insurance Commissioners (“NAIC”) met on August 11, 2025 at the NAIC’s Summer 2025 National Meeting in Minneapolis, Minnesota. In addition...more

Mintz

Ratings Agency Announces That It Will Analyze Physical Climate Risk When Evaluating Certain Assets

Mintz on

Recently, Fitch Ratings issued a discussion paper that outlined a “contemplated framework for the analysis of physical climate risk for [Structured Finance] and [Covered Bonds] for the potential negative implications of...more

McDermott Will & Schulte

Climate Change Regulatory Update for US Insurers: April 2022

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

McDermott Will & Schulte

Climate Change Regulatory Update for US Insurers

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

McDermott Will & Schulte

Insurance Industry Expected to Play Major Role in Addressing Climate Change Following COP26

McDermott Will & Schulte on

The insurance industry was front and center before, during and after the first days of the United Nations’ (UN) climate change summit, Conference of the Parties (COP26), in Glasgow, Scotland, which concluded earlier this...more

McDermott Will & Schulte

The Future of Climate Change Risk Regulation for Insurers in America?

In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very...more

McDermott Will & Schulte

Climate Change Risks and US Insurance Industry Regulation

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

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