Insight

Washington Report 360 | April 15, 2022

NAIC climate standard for insurance companies; FTC addressing "unlawful data practices"

Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100

Key Highlights

Climate risk. NAIC Task Force adopted a new standard for insurance companies to report their climate-related risks; the standard aligns with the TCFD. SEC reiterated in a speech that the climate-related disclosure proposal is meant to provide “consistent, comparable, and decision-useful information” for investors and “consistent and clear reporting obligations for issuers.”

Data privacy. FTC outlined the agency’s efforts to address “unlawful data practices” and considerations for potential changes to, or rulemakings addressing, its enforcement framework.

Financial services regulatory and policy news

Banking

Capital Markets

Other

Insurance

  • NAIC:
    • Announced the NAIC Climate Risk and Resiliency Task Force has adopted a new standard requiring insurance companies to report climate-related risks in alignment with TCFD

Industry news headlines

(Some links may require subscription)


Related content