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Insurance Industry Sustainability

Robins Kaplan LLP

California's Sustainable Insurance Strategy: Balancing Innovation with Industry Challenges

Robins Kaplan LLP on

In the fall of 2023, California's Department of Insurance unveiled the Sustainable Insurance Strategy, a comprehensive initiative aimed at reforming the state’s insurance market. The impetus for this strategy was driven by a...more

Hogan Lovells

ASG en la Política de Inversión: Avances Regulatorios en el Sector Asegurador Mexicano.

Hogan Lovells on

La Circular Modificatoria 2/24 de la Única de Seguros y Fianzas, publicada el 5 de junio en el Diario Oficial de la Federación, obliga a las Instituciones y Sociedades Mutualistas en México a integrar criterios Ambientales,...more

Latham & Watkins LLP

ESAs Propose New SFDR Classification System

Latham & Watkins LLP on

The ESAs urge the European Commission to consider a labelling rather than a disclosure regime to help consumers understand the sustainability goals of financial products....more

K&L Gates LLP

Brussels Regulatory Brief: Winter 2023-2024

K&L Gates LLP on

Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more

Hinshaw & Culbertson - Insights for Insurers

[White Paper] United States Insurance Trends and Decisions 2023

As 2024 rapidly approaches, we look back at some of the key decisions, trends, and developments impacting the U.S. insurance industry in 2023 and look ahead at some trends and cases to watch in 2024. Insurers continue to...more

Hogan Lovells

El sector asegurador esquiva (parcialmente) el impacto de la CSDDD

Hogan Lovells on

El 14 de diciembre el Consejo Europeo y el Parlamento Europeo alcanzaron un acuerdo provisional (“Acuerdo Provisional”) sobre la Directiva de diligencia debida en materia de sostenibilidad (por sus siglas en inglés, “CSDDD”)....more

Hinshaw & Culbertson - Insights for Insurers

What are the Insurance Implications of Proposed Anti-ESG Legislation in Texas and Elsewhere?

In a recent Law360 article, we explored some of the implications of a recently proposed anti-ESG bill being considered by the Texas legislature. However, we thought the issue merited some follow up analysis....more

Hinshaw & Culbertson - Insights for Insurers

Insurers Are Confronting the Combined Forces of Social Inflation, Price Level Inflation, and Greenflation

Insurers and their corporate policyholders have been confronting social inflation since the 1970s. Social inflation, which is the increasing cost of defending and resolving claims, had been raging on—with various ebbs and...more

Foley Hoag LLP - Environmental Law

AIG Integrates Climate Into Its Investment and Underwriting Decisions: It's Progress, But Is It Enough?

Last week, AIG significantly restricted its underwriting of and investment in fossil fuel projects. Specifically, it announced the following actions: With immediate effect, committed to no longer invest in or provide...more

Hinshaw & Culbertson - Insights for Insurers

Part One: Reviewing Key U.S. Insurance Decisions, Trends, & Developments

Environmental, Social, and Governance (ESG) - These are challenging times for insurers, policyholders, and reinsurers. In the coming days, we will review—in a series of articles—some of the key trends and developments...more

Hinshaw & Culbertson - Insights for Insurers

Insurers Take the Lead on ESG/Sustainability Initiatives

Environmental, social, and governance (ESG) criteria or standards – often referred to simply as sustainability – are having an impact on all sectors of society, including corporate, entity, and professional policyholders and...more

WilmerHale

Green Swan Conference Highlights Emerging Central Bank Consensus on Supervisory Approaches to Financial Risks Arising From Climate...

WilmerHale on

From June 2 to June 4, leading central bankers, policymakers, regulators, private sector CEOs, civil society members and academics gathered for the Green Swan 2021 Global Virtual Conference. The conference was co-hosted...more

Morrison & Foerster LLP

Sustainable Finance Disclosure Regulation (SFDR): What To Expect

As recently confirmed, the EU Sustainable Finance Disclosure Regulation (SFDR), becomes effective on 10 March 2021. The SFDR imposes sustainability-related disclosure requirements on financial services institutions such as...more

MoFo Impact

Impact Links: Homeowners Insurance Affected by Wildfire Risk; KKR Global Impact Fund New Investment; World Resources Institute...

MoFo Impact on

..Insurance companies in California are choosing not to renew homeowners’ policies because of wildfire risk. ..The KKR Global Impact Fund received a $225 million investment from UBS. ..A new report by the World Resources...more

Allen Matkins

Sustainable Development and Land Use Update - July 2019 #3

Allen Matkins on

Focus - San Diego approves 5G cell antenna regulations - San Diego Union-Tribune – July 23 - San Diego has approved aggressive new cell antenna regulations in preparation for the wireless industry rolling out advanced 5G...more

Carlton Fields

SEC Investor Advocate’s 2018 Objectives Target Key Issues for Life Insurers

Carlton Fields on

On June 29, the SEC’s Office of the Investor Advocate released a report that prioritizes addressing the inconsistency in the standard of care applicable to broker-dealers (a suitability standard) versus investment advisers (a...more

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