NY regulator: Carriers must weave climate risks into governance frameworks
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NY regulator: Carriers must weave climate risks into governance frameworks

Rachel Dalton
November 16, 2021
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New York insurers must include climate change risks in governance frameworks, strategies, risk management and scenario analysis, as well as improve disclosure of those risks, the New York State Department of Financial Services (DFS) says.

In its final guidance for insurers in the state, published on November 15, the DFS detailed its expectations for carriers based on dialogue with carriers and international regulators.

The

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Rachel Dalton
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