Feds To Study How Extreme Weather Impacts Insurance

CNN reports:

The Treasury Department announced on Tuesday it is launching an assessment of worsening extreme weather and its impact on the cost of insurance.

As climate change is making storms stronger and more destructive, Treasury officials told CNN they want to take a hard look at how climate-related disasters are driving up insurance rates around the country.

The department’s Federal Insurance Office is requesting zip-code level data from US insurance companies regarding their policies and prices. This is the first time the department has used its authority under the Dodd-Frank Act to ask insurance companies for such high-resolution data on its policies.

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Treasury Department is launching an assessment of worsening extreme weather and its impact on the cost of insurance https://t.co/XmRHBLF7ey

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