New York State Department of Financial Services releases proposed guidance for New York insurers on managing climate risks
By EsqSocial Corporation 02/04/21
Last week (March 25, 2021), the New York State Department of Financial Services (NYDFS) released for public comment proposed guidance for New York domestic insurers on managing financial risks from climate change (the Proposed Guidance). The Proposed Guidance is the detailed guidance that was promised by NYDFS in a September 22, 2020 circular letter, in which NYDFS stated its high level expectation that all New York insurers should begin integrating the consideration of the financial risks from...
By: Eversheds Sutherland (US) LLP