Comment Letter: Federal Insurance Office Climate Risk Data Call

The Federal Insurance Office (FIO) proposed in October 2022 to undertake a national survey of insurers to collect and analyze data on the impact of climate change on home insurance availability and affordability. Climate Risk Initiative director Dave Jones filed a formal comment letter supporting the critical need for FIO to undertake this climate risk survey, but also made specific recommendations to improve the survey to make sure it collects the data needed to provide a full picture of the impact of climate change on property insurance underwriting. Jones also urged FIO to separately undertake a survey of  insurers in all market segments (property & casualty, life, health, etc) with regard to climate risks to the $8 trillion in investments held by US insurers.