Trial by Fire: Managing Climate Risks Facing Insurers in the Golden State
Author: California Department of Insurance
Tags: California Department of Insurance, United States-California
The Insurance Commissioner Dave Jones’ new report examines the challenges and opportunities associated with climate risk, climate change, and insurance. The report further shows how climate change is a contributor to wildfire losses in California and discusses Commissioner Jones’ efforts to get insurers to consider climate risk and the role insurance can play in addressing the three types of climate risks facing insurance companies: physical, transition and litigation risks.