How Climate Change will Impact Insurers in 2021
Regulators are expected to move the industry to create new insurance products to mitigate the risks from climate change, while also increasing scrutiny.
Climate change will create a forked path for insurers in 2021.
On one side, U.S. regulators are expected to increase scrutiny of insurers’ disclosures regarding, and efforts to manage, the potential risk from climate change. Down the other route, regulators are likely to increasingly facilitate the development of innovative products that work to mitigate exposure to climate change risks for prospective insureds, according to Clyde & Co. LLP.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.