Climate Change Risk Information Disclosure, Insurance, the Private Sector and the Role of Government

Abstract

Climate risk disclosure from insurance and reinsurance companies has been controversial in terms of what it can accomplish and whether it can influence private sector adaptation behavior. This white paper details findings and makes recommendations about government policies requiring climate risk disclosure from insurance companies and their effectiveness. The findings and recommendations are based on a multi-disciplinary workshop involving academics, government, and the private sector, co-hosted by UNC Law's Center for Law, Environment, Adaptation, and Resources (CLEAR), the Georgetown Climate Center (GCC), UCLA Law's Emmett Institute on Climate Change and the Environment, and the Cooperative Institute for Climate and Satellites - North Carolina.