|
Carbon Disclosure Project - U.S. Insurance Responses |
- Advertisement -
Thomas R. Mounteer
Partner
Paul Hastings
Website: www.paulhastings.com
The Furor Over Climate Change Disclosure
About The Author: Tom Mounteer is a partner in the Real Estate Department at Washington D.C. office of the Paul Hasting law firm. Mr. Mounteer also co-chairs the firm’s environmental practice. Since 1997, Mr. Mounteer has been an adjunct professor in the master’s in environmental law program at George Washington University Law School, where he teaches “Control of Solid and Hazardous Waste” and “Environmental Aspects of Business Transactions.”
the article
While 2007 saw significant scientific and legal developments regarding climate change, the author notes that such developments are not likely to bring about more robust disclosures on the part of public companies in making their SEC filings. The author concludes by offering his predictions on what is likely to be included in the filings.
submissions Climateandinsurance.org wants to build this page into a valuable resource for individuals interested in the debate over whether insurance companies should make mandatory climate risk disclosure statements to regulators. Submissions on this issue are welcomed, and should be directed to the editor, David Reddick at dreddick@namic.org. |
The NAIC Climate Risk Disclosure Project
Editor's Note: In late February, the NAIC Climate Change and Global Warming (EX) Task Force unveiled a memorandum proposing that insurers make mandatory climate risk disclosure statements to state regulators. This drew a strong negative reaction from the national insurance trade associations. Listed below is a copy of the memorandum, along with comments received so far on the proposal. Climateandinsurance.org hopes this site can become a valuable resource for this important regulatory issue. As always, we welcome your ideas and suggestions.
Click here to view the draft climate risk disclosure memorandum.
View interested party comments on draft climate risk disclosure memorandum.
Ceres/National Resources Defense Council/Center for Economic Justice
takefive interview with Wisconsin Insurance Commissioner, Sean Dilweg, Chair of the NAIC Climate Change and Global Warming (EX) Task Force.
The NAIC White Paper Project: “Potential Insurance-Related Impacts of Climate Change on Insurance Regulators"
Editor’s Note: In 2007, the NAIC Climate Change and Global Warming (EX) Task Force undertook to write a white paper analyzing the impact of climate change on insurance consumers, insurance providers and insurance regulators. Below are the latest comments received by the Task Force on its white paper.
selective bibliography
J. Wylie Donald and Grace Kuridan, “Insurance Coverage for Climate Change Disclosures: Are You in Good Hands?” The Corporate Governance Advisor, Vol. 15, No. 5, September/October 2007. article
Peter J. Gray, “The SEC is Getting Hot and Bothered over Climate Change,” The Metropolitan Corporate Counsel, Vol. 16, No. 1, January 2008. article
Evan Mills, “From Risk to Opportunity: 2007 Insurer Responses to Climate Change, Ceres, November 2007. article
Thomas Mounteer, Kevin Welsh, Michael Lukens and Jeff Allmon, “Disclosing Effects of Climate Change in Energy, Financial Companies” 10-K’s,” BNA Daily Environment Report, Vol. 2008, No. 41, March 3, 2008. article
Rory Sullivan, “Climate Change Disclosure Standards and Initiatives: Have They Added Value for Investors?” Insight Investment, September 2006. article
Jeffrey A. Smith, “Disclosure of Climate Change Risk and Opportunities,” Review of Securities and Commodities Regulation, Vol. 41, No. l, January 2, 2008. article
“Torys on Developments in Climate Change Disclosure Requirements,” Torys Bulletin, February 28, 2008. bulletin