Sunday, February 5, 2012

State requiring companies to have Climate-Change Response Plan… Do you want to hear my response?…

The New York Times  02/02/12

“Three States to Require Insurers to disclose Climate-Change Response Plan”


Insurance commissioners in California, New York and Washington State will require that companies disclose how they intend to respond to the risks their businesses and customers face from increasingly severe storms and wildfire, rising sea levels and other consequences of climate change. 

“We are asking insurers to share their views of the risk of climate change so that we can be sure  that the industry and regulators are appropriately prepared,” said Robert H. Easton, a lead insurance regulator in New York.

“Global warming presents unique risks, and it is vital that our insurance industry adequately account for the impacts of climate change,” Benjamin M. Lawsky, Superintendent of New York’s Dept. of Financial Services.

The disclosure survey will be mandatory for companies writing policies worth more than $300 million nationwide.

Jack Ehnes, the chief executive of the California State Teachers’ Retirement System, which has $148 billion in investment, some in insurance, echoed this statement. “If we feel insurance or energy companies are not incorporating climate risk into their analyses and their boards of directors are not recognizing it, the failure to do so endangers the value of that investment.

Common Sense Review

ARG! There has to be a cure for the idiotic belief that the change in climate is a plague caused by man.  Weather happens! 

To force companies to comply with this ridiculous requirement will ultimately create high fees on the customer to make up for the cost to create this work of fiction. 

I have seen the movie “2012”, I didn’t see any customers complaining about the lack of service during that event.  

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