Sep 01, 2018

Trial by Fire: Managing Climate Risks Facing Insurers in the Golden State

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.