Climate Change and Global Warming (EX) Task Force
Executive (EX) Committee

The mission of the Climate Change (EX) Task Force is to serve as coordinator of the NAIC analysis of the impact of climate change on insurance consumers, insurance providers and insurance regulators. The Task Force shall examine the implications of climate change on insurer solvency, the availability of affordable insurance coverage for the nation’s insurance consumers and its impact on insurance regulation. The Task Force shall coordinate its efforts with other NAIC standing committees and task forces so that no duplication of effort occurs.

2008 Charges

• Ongoing Support of NAIC Programs, Products, or Services:
  1. Prepare a report on, the implications of climate change on health insurance and managed care; property and casualty insurance; insurer financial condition; and the availability and affordability of insurance coverages for the insurance consumer. The report shall document what is learned with regard to insurers’ knowledge of potential climate change impacts on their business and financial condition and on efforts by insurers to respond to identified concerns. In its report, the Task Force shall include its recommendations with regard to steps that regulators need to take to assure that they are adequately monitoring insurers’ activities with regard to managing the financial condition of insurance and the performance of insurance markets to the benefit of the nation’s insurance consumers. Complete the report by the 2008 Summer National Meeting.

2. Evaluate the information collected in the Annual Statement regarding how insurers manage catastrophe risk, contained in either an interrogatory or in a management discussion and make recommendations for possible improvements by the 2008 Summer National Meeting.