One of New York state’s top financial watchdogs urged insurers to better manage the risks from climate change, joining other regulators world-wide raising alarms about the shocks severe weather could cause the financial system
By Dieter Holger Close Dieter Holger Sept. 22, 2020 2:20 pm ET One of New York state’s top financial watchdogs urged insurers to better manage the risks they face from climate change, joining other regulators world-wide raising alarms about the shocks severe weather could cause the financial system.
Newsletter Sign-up Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. “While the U.S. is behind our European counterparts in terms of climate-related supervision, we have learned from their experience, can take advantage of the supervisory tools that they have developed, and will continue collaborating with them in this area going forward,” Ms. Lacewell said.
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