Top Regulator Eyes Insurance Sector To Help Achieve Climate Goals

Steven Seitz, the Treasury Department’s top insurance regulator, is reiterating his office’s recent plan to use its stepped-up review of the insurance sector to achieve climate goals. During a Sept. 9 meeting of the Federal Advisory Committee on Insurance (FACI), Seitz, director of the Federal Insurance Office (FIO), emphasized his office’s intent to boost oversight aimed at addressing climate risks with the goal of taking on “a leadership position in analyzing how the insurance sector may help mitigate climate-related risks,”...