This committee focuses on all aspects of property and liability insurance for the ownership of and transactions involving real property.

Most Insurers Lack a Plan to Address Climate Change, Ceres Says
Bloomberg (03/07/13) Bunn, Elizabeth

A new report released by Boston-based Ceres finds that nearly 90 percent of insurers lack a comprehensive plan to address climate change, and fewer than 50 percent of them see it as a likely source of financial losses. "Climate change exists, it's happening, it's going to have an impact," Washington state Insurance Commissioner Mike Kreidler said in a phone interview. "It has the potential of being a real game changer" for investments and underwriting. Ceres said the survey was developed by the National Association of Insurance Commissioners.
Related Story: USA Today Read Story

Committee Call - February 28

Storm Tracker:
How will more frequent and more severe weather be handled in insurance underwriting and pricing?

Speaker: Robert Fettman, Grant Weaver and Richard Fineman

Program Links

• Climate change taken seriously by insurance industry, study says (Los Angeles Times)
• Climate change is big business (for the insurance industry) (arstechnica.com)
• Climate Change and Existing Law: A Survey of Legal Issues Past, Present, and Future (PDF) (Federaion of American Scientists)
• Insurers Fund Storm-Damage Research to Limit Rising Claims (BusinessWeek.com)
• Learn more about responses to severe weather planning

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Chair:  Leslie Ratley-Beach

Vice-Chair:  Richard Adam Fineman

Committee Roster (82 total members)