Public Citizen: Treasury Department Takes First Step to Evaluate Climate Crisis in Insurance Markets
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The proposed data collection comes in the wake of crises in vulnerable markets like
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"It's about time for the federal government to recognize that climate change is driving a crisis in insurance markets.
"The devastation from Hurricane Ian has shone a spotlight on major cracks in coastal insurance markets, and regulators can't wait for disaster to strike again before recognizing the risks. We look forward to working with FIO on capturing the data needed to pave the way for state and federal regulators to address this crisis."
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Original text here: https://www.citizen.org/news/treasury-department-takes-first-step-to-evaluate-climate-crisis-in-insurance-markets/
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