Insurance Industry Perspectives on Extreme Weather Events

The Environmental and Energy Study Institute (EESI) organized a briefing on insurance industry perspectives on recent extreme weather events and how strategic investment can help manage the threats posed by a changing and more severe climate. In New York, Washington and California, insurance companies are required to disclose their climate change response plans, and many insurers are considering modifying rates and expected payouts to address increasing extreme weather events and rising sea levels.

As experts in assessing, quantifying and transferring risk, the insurance industry is a natural partner for the federal government as it looks to manage extreme weather vulnerability. The briefing included the industry’s response to the growing number of very costly climate-related disasters and considered how public-private collaboration can help manage risk and guide policy to promote long-term resiliency.

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