Insurer Climate Risk Disclosure Survey Questions
General Information
INSURER
Name William Penn Life Insurance Company of New York
Address 100 Quentin Roosevelt Boulevard
City Garden City
State New York
Zip Code 11530
NAIC Code # 66230
Group # 0872
NOTES:
If available, Comparable CDP Questions are listed after each question as a reference.
If you have additional information to submit, please include these as attachments, along with the
completed survey, in the e-mail to the New York State Insurance Department.
The survey begins on the next page.
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1. Does the company have a plan to assess, reduce or mitigate its emissions in its operations or
organizations? If yes, please summarize.
CDP: Performance Question 21
William Penn Life Insurance Company of New York does not have a formal plan. However, it is a
standard practice as part of our risk management to take into account current technologies. William
Penn is currently looking to reduce emissions at our Garden City, New York facility by reducing our
office foot print at year end. William Penn is a subsidiary of Legal and General America, Inc. which is
relocating its Rockville, Maryland facility mid-2011 and will be leasing space in a new LEED certified
building, thereby improving performance across all metrics including energy savings, water
efficiency, CO2 emission reduction, improved indoor environmental quality. The new location will
also shorten the travel time for over 60% of our current staff.
We are also implementing a telecommute policy which will allow our underwriters to work from home
rather than drive the office thereby reducing energy expense, CO2 emissions, and traffic congestion.
2. Does the company have a climate change policy with respect to risk management and
investment management? If yes, please summarize. If no, how do you account for climate
change in your risk management?
William Penn Life Insurance Company of New York does not have a formal plan. As a U.S. life
insurance company, past experience has not indicated that climate change would pose a significant
risk to our customers' mortality. The number of factors that affect mortality are virtually infinite,
however, if it comes to our attention that climate change poses a risk we will address the issue.
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3. Describe your company’s process for identifying climate change-related risks and assessing the
degree that they could affect your business, including financial implications.
CDP: Risks and Opportunities Questions 1-3
William Penn Life Insurance Company of New York does not have a formal plan.
4. Summarize the current or anticipated risks that climate change poses to your company. Explain
the ways that these risks could affect your business. Include identification of the geographical
areas affected by these risks.
CDP: Risks and Opportunities Questions 1-3
William Penn Life Insurance Company of New York does not have a formal plan. As a U.S. life
insurance company, past experience has not indicated that climate change will pose a risk that would
pose a geographical area risk to our customers' mortality. The number of factors that affect mortality
are virtually infinite, however, if it comes to our attention that climate change poses a risk we will
address the issue.
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5. Has the company considered the impact of climate change on its investment portfolio? Has it
altered its investment strategy in response to these considerations? If so, please summarize
steps you have taken.
CDP: Risks and Opportunities Question 3: “Other Risks”, Question 6: “Other Opportunities”
William Penn Life Insurance Company of New York does not have a formal plan.
6. Summarize steps the company has taken to encourage policyholders to reduce the losses
caused by climate change-influenced events.
CDP: Risks and Opportunities Questions 4-6
As a life insurance company, we try to encourage our policyholders go paperless by delivering life
insurance policies over the internet.
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7. Discuss steps, if any, the company has taken to engage key constituencies on the topic of
climate change.
CDP: Governance Question 24, 26, 27
William Penn Life Insurance Company of New York does not have a formal plan. However, it is a
standard practice as part of our risk management to take into account current technologies. William
Penn is currently looking to reduce emissions at our Garden City New York facility by reducing our
office foot print at year end. William Penn is a subsidiary of Legal and General America, Inc. which is
relocating its Rockville, Maryland facility mid-2011 and will be leasing space in a new LEED certified
building, thereby improving performance across all metrics including energy savings, water efficiency,
CO2 emission reduction, improved indoor environmental quality. The new location will also shorten
the travel time for over 60% of our current staff.
We are also implementing a telecommute policy which will allow our underwriters to work from home
rather than drive the office thereby reducing energy expense, CO2 emissions, and traffic congestion.
As a life insurance company, we try to encourage our policyholders go paperless by delivering life
insurance policies over the internet.
8. Describe actions your company is taking to manage the risks climate change poses to your
business including, in general terms, the use of computer modeling.
CDP: Risks and Opportunities Questions 1-3
William Penn Life Insurance Company of New York does not have a formal plan. However, it is a
standard practice as part of our risk management to take into account current technologies. William
Penn is currently looking to reduce emissions at our Garden City New York facility by reducing our
office foot print at year end. William Penn is a subsidiary of Legal and General America, Inc. which is
relocating its Rockville, Maryland facility mid-2011 and will be leasing space in a new LEED certified
building, thereby improving performance across all metrics including energy savings, water efficiency,
CO2 emission reduction, improved indoor environmental quality. The new location will also shorten
the travel time for over 60% of our current staff.
We are also implementing a telecommute policy which will allow our underwriters to work from home
rather than drive the office thereby reducing energy expense, CO2 emissions, and traffic congestion.
No computer modeling has been done.
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