Property & Casualty
February 1, 2010
Indiana’s Republican Gov. Mitch Daniels ordered his state’s insurance department not to participate in a National Association of Insurance Commissioners climate risk survey, one official said.
Another official with the Indiana State Insurance Department said later that the governor was only supporting the existing policy of that agency.
[efoods]The state’s action was revealed in a discussion that took place before an NAIC task force unit voted to approve a cover letter and format for the survey, which will go to insurers writing $500 million or more in premium. Later, another Indiana official said the decision was made by the department, but the governor supported it.
At that same conference call session, Alabama said it also may not require insurers based there to fill out the survey.
Meanwhile, Pennsylvania Insurance Commissioner Joel Ario, chairman of NAIC’s Climate Change and Global Warming (EX) Task Force, said NAIC has been in discussion with the Securities and Exchange Commission, which voted Wednesday to require corporate filings to include information on the business impact of climate change and the results of regulations curbing greenhouse gas emissions.