The National Association of Insurance Commissioners is now requiring climate change risks to be included when examiners audit the financial condition of insurance companies.

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His resignation seemed inevitable once it emerged last week that he had failed to inform fellow SEC commissioners that Mr Webster had been chairman of the audit committee of a publicly listed company that was being sued by its investors.

ECONOMIST: The boss bows out | The

He decided to oppose the appointment of a prominent advocate for accounting reform to head a newly created oversight panel, then failed to disclose to either the White House or his fellow commissioners that his preferred choice, former CIA Director William Webster, had been in charge of the audit committee of a corporation accused of fraud.

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