Connecticut and Minnesota regulators have decided to join California, New York and Washington in requiring insurers to respond to a survey on climate change.
Additionally, California Insurance Commissioner Dave Jones says the survey has been expanded by requiring all companies writing more than $100 million in direct premiums to respond to the Climate Risk Survey, adopted in 2009 by the National Association of Insurance Commissioners (NAIC). The previous threshold was $300 million in direct premiums written.
Jones says the choice to expand the survey "will double the number of companies required to respond and will give insurance regulators, investors and policyholders a better picture of how insurers are responding to climate change."
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