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<\/p>\nWashington Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond, his office announced on Friday.<\/p>\n
The survey was developed by the National Association of Insurance Commissioners\u2019 Climate Risk and Executive Committee Task Force, of which Kreidler is vice chair.<\/p>\n
It aligns with the Financial Stability Board\u2019s Task Force on Climate-Related Financial Disclosure and is designed to help insurance regulators and the public better understand the climate-related risks to the U.S. insurance market.<\/p>\n The Climate Risk Disclosure Survey is intended to provide:<\/p>\n The NAIC adopted the Climate Risk Disclosure Survey in 2010. In 2012, Washington, California and New York first administered the survey to companies writing at least $300 million, and lowered the threshold to $100 million a year later. For reporting year 2021, 26 states and territories participated and more than 1,500 companies responded, representing nearly 80% of the national insurance market, according to Kreidler\u2019s office.<\/p>\n Survey responses are due on August 31. Results are expected to be available this fall on the California Department of Insurance website<\/a>.<\/p>\n Topics<\/span> Carriers<\/a> Trends<\/a> Washington<\/a> Climate Change<\/a> <\/p>\n<\/p><\/div>\n Was this article valuable?<\/p>\n<\/p><\/div>\n![\"Mike](\"https:\/\/www.insurancejournal.com\/app\/uploads\/2020\/12\/Mike_Kreidler-150x150.jpg\")
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