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New York Regulator Issues Final Guidance for Domestic Insurers on Climate Change Risks

November 18, 2021

Via: JD Supra

The New York State Department of Financial Services (DFS) released final regulatory guidance to domestic insurers regarding their management of climate change risk, incorporating public comments DFS received on its initial draft released on March 25, 2021. The guidance aims to assist insurance companies in increasing their resilience to climate change by incorporating climate change adaptation and mitigation into their risk management framework and governance practices.

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