"Are Home Insurers Abandoning Communities Vulnerable to Climate Change?"

"The U.S. Treasury Department makes an unprecedented move to find out"

"Dozens of environmental and consumer groups are rallying behind the Biden administration’s plan to collect information from property insurance companies to determine if they are abandoning communities that are vulnerable to climate change.

The groups submitted comments praising the Treasury Department’s unprecedented plan to require 213 large insurers to present detailed information about their homeowners insurance policies and claims.

Treasury’s Federal Insurance Office will analyze the data to determine whether climate change and increasing damage from weather events are making property insurance scarce or unaffordable in vulnerable U.S. communities (Climatewire, Oct. 19, 2022)."

Thomas Frank reports for E&E News January 4, 2023.

Source: E&E News, 01/05/2023