Department of Financial Services Surveys Insurers on Climate Risks

, New York Law Journal

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In their Corporate Insurance Law column, Howard B. Epstein and Theodore A. Keyes of Schulte Roth & Zabel write: The insurance industry is perhaps uniquely situated with regard to climate risk. Insurers have the resources to study climate-related impacts and the incentive to do so in support of their business models to determine pricing, forecast risks and develop products. In addition, insurance carriers are subject to the same climate risks to which other businesses and individuals are subject.

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