chevron-down Created with Sketch Beta.
    0

      Climate Change: Managing Associated Legal and Regulatory Risks in the Insurance Industry [CC]

      Climate Change: Managing Associated Legal and Regulatory Risks in the Insurance Industry [CC]
      CLE 60 min

      Climate Change: Managing Associated Legal and Regulatory Risks in the Insurance Industry [CC]

      Insurers and financial regulators are coping with the legal impact of climate change and the increasing risk it presents for companies' financials. The ever-increasing regularity and gravity of extreme weather-related events have resulted in greater regulatory focus on climate-related risks for the insurance industry. Learn more about the complex legal challenges that the insurance industry faces from the evolving public policy environment and enhanced regulatory focus on climate change. Challenges include the potential for expanded liability for environmental risks through legislation and court decisions, an increased threat of third-party litigation and growing regulatory risk.

      Select your state to learn more about the credit details and status of CLE application. Credit is not available for states not listed.

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • Substantive Law

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        12/31/2024

      1.00 total credit hours including

      • General

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        12/31/2023

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2027

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        12/31/2023

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.20 total credit hours including

      • General

        Status:

        Available for credit

        1.20 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Applied for upon completion

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.20 total credit hours including

      • General

        Status:

        Reciprocity

        1.20 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2027

      1.00 total credit hours including

      • Areas of Professional Practice

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        12/31/2023

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        12/31/2023

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • Substantive

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Self apply

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Available for credit

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        12/31/2023

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2024

      1.00 total credit hours including

      • General

        Status:

        Applied for

        1.00 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2025

      1.20 total credit hours including

      • General

        Status:

        Approved

        1.20 credit hours

        Available until:

        03/08/2025

      1.00 total credit hours including

      • General

        Status:

        Approved

        1.00 credit hours

        Available until:

        10/31/2023

      1.00 total credit hours including

      • Law & Legal Procedure

        Status:

        Approved

        1.00 credit hours

        Available until:

        03/08/2027

      1.20 total credit hours including

      • General

        Status:

        Applied for

        1.20 credit hours

        Available until:

        03/08/2025

      $00
      NON-MEMBERS
      $00
      MEMBERS
      $00
      YOUR PRICE
      *Additional discounts may apply at checkout

      Log In to view your rate

      Unlock the discounted member rate

      Join first as a member, and then purchase this product at special member pricing
      Join Now

      Closed Captioned.

      A tectonic shift in focus on Environmental, Social and Governance ("ESG") and Sustainability issues has occurred across corporations, law firms and the capital markets. ESG is no longer a fringe issue and regulators are beginning to develop and impose new ESG legal obligations on a wide range of financial institutions. The insurance industry is in a unique position when it comes to climate risk as insurers are exposed on both sides of the balance sheet: underwriting risk, as noted on the liability side, and their investment portfolios on the asset side. In particular, regulators have begun to express supervisory concern about the potential exposure in insurers' books of business as well as investments in fossil fuels or other carbon intensive industries which have the potential to become stranded assets, i.e., assets that experience unexpected or premature write-downs or devaluation caused by innovation, changes in the market or other factors.

      Reacting to these issues, lawmakers, regulators and standard setting bodies like the National Association of Insurance Commissioners (NAIC) have been studying approaches to address the risks associated with climate change, including new and broader disclosures, enhanced solvency regulation and stress testing, and other risk management practices. The volatile policy environment has great import for the insurance industry, and could presage a significant expansion of liability for environmental coverages, third party litigation and regulatory burdens. Legislation and court rulings could mean coverage obligations will be expanded, resulting in unanticipated clean-up requirements.

      Among the leaders in this policy space is the New York Department of Financial Services, which recently released its final guidance for insurers on managing the financial risks from climate. The New York DFS supervisory expectations could end up becoming a benchmark regulatory standard for the insurance industry. At a minimum, they may impose substantial new legal obligations on New York insurers. Join insurance industry leaders for a panel discussion on what these new legal requirements consist of and how insurers might consider managing the legal and regulatory risks associated with increased regulation of climate risks.

      Product Details

      Speakers

      Maria Filipakis, Matthew Bisanz, Thomas Bartell

      Moderators

      James Joseph Wrynn

      Sponsors

      American Bar Association

      Product Code

      CE2203FTIOLC

      Duration

      60

      Publication Date

      3/9/2022 12:00:00 AM

      Related Products

      Related Events