US Treasury launches inquiry into climate-related financial risks in the insurance industry
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US Treasury launches inquiry into climate-related financial risks in the insurance industry

Eli Rallo
August 31, 2021
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US Treasury Department in Washington.jpg

The US Department of Treasury said on Tuesday that the Federal Insurance Office (FIO) has requested information and is soliciting public comments on climate-related financial risks affecting the insurance industry, as a response to Biden’s executive order on climate change.

FIO will be executing on three climate-related priorities, which include assessing gaps in the regulation of insurers, examining the potential for major disruptions of private insurance coverage caused by climate change’s effects, and leveraging the insurance industry’s ability to...

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Eli Rallo
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