California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience

As the impacts of climate change develop and intensify throughout California, the insurance sector will play an increasingly important role in the state’s response. Policymakers, industry  leaders, and local communities are all beginning to face a paradigm of risk, resilience, and financial sustainability that insurers are uniquely positioned to help manage.

In July 2019, CLEE and UCLA Law’s Emmett Institute on Climate Change and the Environment, together with the California Department of Insurance and UN Environment’s Principles for Sustainable Insurance, convened a symposium to discuss this evolving role for the insurance sector. Our synthesis report, co-authored by UCLA’s Sean Hecht and CLEE’s Ted Lamm, summarizes the key findings and next steps identified at the symposium, and adds material and analysis reflecting recent developments in the field.   

Additional Author: Sean Hecht