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ARTICLE · 04 SEPTEMBER 2024

Energy & Sustainability Litigation Updates — September 2024

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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Read the latest litigation news in the energy and sustainability space.

United StatesEnergy and Natural Resources
Jacob Hupart
Jacob Hupart
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Regulatory Updates

Congressional Democrats have been exerting pressure on insurance regulators to integrate climate-related financial risks as part of their supervisory role; a letter was recently sent by Democratic members of the House and Senate to the National Association of Insurance Commissioners inquiring as to "the status of . . . [t]he integrat[ion] of climate-related financial risks into U.S. insurance supervision and regulation." While this is a fairly technical topic, it nonetheless has immense significance for the structure of the US economy. Based upon decisions by insurance regulators, certain activities may no longer be deemed insurable, or insurance costs can increase dramatically and thus economic activity can be redirected toward areas perceived as green or more climate-friendly (e.g., the locations where new housing developments are approved). The actions of the insurance industry, and how climate-related risk is calculated and integrated, can

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