States Float Insurance Climate Strategy Focused On Pre-Disaster Mitigation

The group representing state insurance regulators in a new national strategy on addressing climate change risks is urging officials to reduce such risks ahead of disasters to help ensure that property insurance can be available and affordable, amid increasingly common and severe events linked to climate change. “Increased climate risk will pose a threat” to property and livelihoods, said Andrew Mais, president of the National Association of Insurance Commissioners (NAIC) and Connecticut’s insurance commissioner, during a March 4 press call...