NY awards $6.5 million for climate change insurance innovation

By Elizabeth Daley (September 2, 2022, 9:43 p.m. EDT) — New York Governor Kathy Hochul on Friday announced $6.5 million in funding to develop new insurance policies and products to protect the State against climate change losses on the anniversary of Hurricane Ida, which killed dozens of people and caused hundreds of millions of dollars in damage to the region.

The funding will be administered by the New York State Energy Research and Development Authority under a new program called Insurance Innovation for Climate-Technology Solutions, focused on establishing new risk models and insurance solutions, including creating insurance for residential and commercial renewable energy projects. , according to a press release.

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


About Daisy Rawson

Check Also

Jersey does not follow the popular trend of faking a sick day

New Jersey in October 2019 enacted the Earned Sick Leave Act which states that every …