Environmentalist groups are fond of quoting insurance companies who argue that climate change is a big problem. This supposedly shows that profiteers, who are despised in other contexts, agree with the activists about the real and present danger of man-made global warming. In fact, the National Association of Insurance Commissioners, the lobby group for the folks that regulate insurance companies, has begun requiring insurance companies to answer a Climate Risk Disclosure Survey as a way alert investors and insureds about each company's exposure to the risks of climate change.
Now some insurance companies are pushing back. In a recent letter, the National Association of Mutual Insurance Companies, specifically citing the Climategate affair, argues against the disclosure requirements on the grounds that the uncertainties surrounding climate science make it hard to properly assess risks. As the letter explains: