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The Federal Insurance Office (FIO) of the U.S. Department of the Treasury (Treasury) is asking for public comment on FIO’s future work relating to the insurance sector and climate-related financial risks. (Photo: Diego M. Radzinschi/ALM)

On August 31, the Federal Insurance Officer (FIO) — an arm of the U.S. Treasury Department — published a request for information to understand how well U.S. insurers are prepared to handle the effects of climate change, with comments due Nov. 15.

The FIO says one concern is how climate-related risk might affect insurers’ investment portfolios, including the benefits, underwriting and product availability issues related to property and casualty insurance lines.

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Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.

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