|FOR IMMEDIATE RELEASE
October 11, 2022
CONTACT: Jim Carson, Communications Director
Connecticut Insurance Department to Host Conference
on Climate Change and Insurance (C4I)
October 24 and 25, 2022 - A Free & Virtual Event
What has happened with insurance and climate change since the 2021 Connecticut Conference on Climate Change and Insurance? For answers, the Connecticut Insurance Department joins with some of our nation’s foremost experts on climate change to lead a critical discussion on climate resiliency, risk mitigation, and what the insurance industry is doing to create more resiliency and adaptation in our communities.
On October 24 and 25, the Department is hosting the Connecticut Conference on Climate Change & Insurance, a series of virtual presentations that will highlight the latest climate science, private sector best practices, and regulatory environments related to climate change (ct.gov/CIDClimateConference).
“We’re bringing together a national audience of climate experts, insurance industry leaders, government officials, climate change advocates, and private sector professionals, to discuss how climate change impacts our communities, regulatory efforts, and businesses,” said Commissioner Andrew N. Mais. “This is our second-year hosting this critically important event, and we want our national audience understand the industry’s current efforts to address climate change.”
Keynote Speaker is Jigar Shah, Director, Loan Programs Office (LPO), U.S. Department of Energy. The LPO fills the debt capital gap by providing access to needed loans and loan guarantees for decarbonization technologies in commercial deployment. The LPO serves as a bridge to bankability when private lenders cannot or will not partner until a given technology has reached full market acceptance.
Shah is the former President and co-founder of General Capital, a firm that provides entrepreneurs with low-cost infrastructure-as-a-service financing.
Panel topics include:
- The Legislation Front - This panel focuses on the efforts to address coverage for California wildfires and rebuilding post-disaster, Florida’s market dynamics, and what policy makers are doing to address regional climate risk and redevelopment challenges.
- Resiliency in Action-Financing & Implementation – Learn about the efforts underway to establish broader public-private partnerships that enhance community resilience and address challenges associated with climate, risk and sustainability.
- Building a Program – Hear the discussion on why building codes, thoughtful community planning, and impactful investment of state and federal dollars are all integral to climate resiliency. Learn why it is essential to develop, build and grow mitigation programs to support families, businesses, and communities.
- The Innovation Front - The importance of innovation to strengthen resiliency and minimize the impact from catastrophes, whether it’s our utility infrastructure or protecting our communities, cannot be understated. Building community-focused investment grade products will help to make insurance more accessible and more affordable.
- What’s Next on the Climate Front - This panel seeks to uncover what is on the horizon for our planet and what is being done now. Hear from climate policy experts on what action is being taken and will be needed to reduce risk while protecting business and infrastructure.
- Climate Risk and Reporting - In the past year, Congress passed the Inflation Reduction Act, which provides hundreds of billions of dollars toward helping to facilitate the U.S. climate transition, the NAIC recently released revised climate disclosure guidance, and the SEC released its proposal on Climate Related Disclosures for investors. Hear the discussion and learn how insurers are addressing climate risk.
For more information and to register for the event, visit: CIDclimateconference.