An Examination of the NAIC White Paper Entitled “The Potential Impact of Climate Change on Insurance Regulation”.

The battle between insurers and policyholders over coverage for climate change liability has already begun. Commentators have paid less attention to the positive role that insurers can play in coping with climate risk, or the negative impact should climate change liability create massive insurance insolvencies. The NAIC has now addressed these issues in its first White Paper on climate change. Everyone in the insurance industry must pay attention to the risks that the NAIC identifies, and the measures that it recommends. [ABSTRACT FROM AUTHOR]