Climate Change and Global Warming (EX) Task Force
Climate Change and Global Warming (EX) Task Force Page
Executive (EX) Committee Task Forces and Working Groups Summary Report
Fall 2009 Meeting Summaries Index

The Climate Change and Global Warming (EX) Task Force met Sept. 24, 2009. During this meeting, the Task Force:

• Reviewed voluntary prototype Climate Risk Disclosure Survey responses from three health insurers, one life insurer and one property/casualty insurer. The Task Force will continue to review examples from property/casualty insurers as received. The intent is to post the responses on the NAIC Web site. At present, there is no determination on whether an analysis of the responses will be completed. Responses are required when a group meets the established thresholds and only one response for the group is needed. Any entity that needs assistance with their response is encouraged to review the response from AIG, which includes impacts by company and for the group as a whole.

• Received an update from Commissioner Dilweg (WI) on discussions with the U.S. Securities and Exchange Commission (SEC) regarding disclosures. It is expected that the SEC will appoint an Investor Advisory Committee to review and perhaps report in early 2010 on the results from publicly traded companies on their disclosure results.

• Discussed details of the Climate Change and Global Warming Summit. The summit, which will be held Dec. 9, is scheduled in conjunction with the Winter National Meeting. Due to budgetary concerns, the summit will not be available via webcasting; however, NAIC staff will research whether it might be possible to add a phone line for interested parties to participate via teleconference. The tentative agenda includes a general session from Congressional or federal staff to provide an overview of the situation. Breakout sessions would include four areas:
• Investments.
• Best practices in mitigation, such as pay-as-you-drive (PAYD) and “green” building.
• Climate scientists and risk modelers.
• Disclosure issues related to insurance company and SEC responses.

• Heard a presentation on the Value Pricing Pilot Program by Allen Greenberg (U.S. Department of Transportation - Federal Highway Administration). Mr. Greenberg explained that the concept of toll roads and congestion pricing is based on charging for access and use of the roadway network. And, he said, it encourages travelers to manage their travel choices, thereby reducing congestion without federal or state funding.
• Adopted it proposed 2010 charges.