Filed Under:Risk Management, Loss Control

Two New States to Require Climate Risk Survey; More Companies Must Now Respond

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. 

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