Treasury’s Insurance Office Releases Narrowed Climate Data Request

The Treasury Department’s Federal Insurance Office (FIO) is formally requesting zip code-level climate data from top insurance companies, a move that will enable a national assessment of how climate change is affecting homeowners’ insurance availability and affordability. However, the agency narrowed its data requests compared with a draft version after state insurance commissioners argued the federal office failed to coordinate with them on the issue. “Under FIO’s data collection, FIO will obtain consistent, granular, and comparable homeowners insurance data that...