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OLYMPIA, Wash. ? Washington state Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey on June 30, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond.?
?This survey is a continuation of the work my office, and my fellow insurance regulators, have done to strengthen the industry to meet the threats presented by climate change,? Kreidler said. ?The information we gather in this survey will benefit both the industry and consumers in a meaningful way.?
The current version of the survey was developed by the National Association of Insurance Commissioners? Climate Risk and Executive Committee Task Force, of which Kreidler is a vice chair.?
It aligns with the Financial Stability Board?s Task Force on Climate-Related Financial Disclosure ? the international standard for climate risk disclosure ? and helps insurance regulators and the public better understand the climate-related risks to the U.S. insurance market.
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