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“While ESG priorities may seem new to many industries, insurers have long been involved in understanding and addressing these and other risk factors as a fundamental part of doing business,” said Sean Kevelighan, CEO, Triple-I, during a panel discussion hosted by the NAIC’s Climate and Resiliency Task Force. (Photo: Sepp photography/Shutterstock)

Environmental, social and governance (ESG) priorities may be new to some industries, but the insurance industry has long focused on understanding and addressing issues related to the warming climate, said Sean Kevelighan, CEO of the Insurance Information Institute (Triple-I), during a June 1st discussion with regulators.

“Environmental, social, and governance issues — ESG — are in the insurance industry’s DNA,” Kevelighan stated to the National Association of Insurance Commissioners’ (NAIC) Climate and Resiliency Task Force. He added that new investment decisions at global insurers and reinsurers will likely lead to carbon emission reductions.

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