A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and others leaving “significant gaps and disparities.”
The second annual analysis from climate leadership advocate Ceres examines major U.S. insurers’ climate risk strategies in disclosures made under the National Association of Insurance Commissioner’s Climate Risk Disclosure Survey.
The analysis, conducted with Manifest Climate, is based on responses submitted to the California Department of Insurance from 516 insurance groups totaling more than 1,695 individual companies that that represent more than $2 trillion in direct premiums written in 2022.
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