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The Future of Climate Change Risk Regulation for Insurers in America? | McDermott Will & Emery


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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 least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics ( ....

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Climate Change Risk Regulation's Future for Insurers in America?


Friday, March 12, 2021
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 least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
e.g., the Geneva Association, Moody’s), to China reiterating goals to reduce its emissions over the next five years, to the politically charged debate within the US Securities and Exchange Commission (SEC) as to which comes first a new global framework of common metrics and standards to help regulators analyze climate change risk disclosures or stepped-up enforcement ....

New York , United States , Glasgow City , United Kingdom , France General , New Jersey , Rhode Island , Dave Ramsden , Jonathan Dixon , European Banking Authority , Prudential Regulation Authority , Occupational Pensions Authority , Spring National Meeting On , York Department Of Financial Services , International Association Of Insurance Supervisors , Global Reporting Initiative , European Union , National Association Of Insurance Commissioners , Geneva Association , Task Force On Climate , England The Bank , Network For Greening The Financial System , European Commission , Market Authority , Exchange Commission , Resiliency Task Force Disclosure Workstream ,