Insurance Companies to Disclose Climate Change Risk
March 18, 2009 by Be Safe Insure
Filed under Car - Truck, Earthquake Insurance, Fire Insurance, Flood Insurance, hurricane insurance, Insurance Regulation
US insurance regulating body, National Association of Insurance Commissioners (NAIC), now demands insurance companies to disclose how climate change will affect them. NAIC is aware of the huge risk that environment change entails, however it lacks information of how the insurance industry is planning to respond. Concerns are the availability and affordability of insurance policies [...]
House Members Plea for Insurance Information Office
January 30, 2009 by Be Safe Insure
Filed under Insurance Regulation
As a step in the current American insurance industry reform, a bipartisan group of seven House members sent a letter to US Treasury Secretary Timothy Geithner last week. The letter urging him to set up an Office of Insurance Information. The signatories on the letter of last week are congressmen from New Jersey, Delaware, Illinois, [...]
