Three states require climate risk disclosure from insurers
February 1, 2012 by Sally Farhat KassabAfter many years of hard work by Skoll Awardee Ceres and others, California, Washington and New York announced that they will require insurance companies to disclose the climate risks they are facing and how they will respond.
This has been a key priority for the Ceres team. “This is a big policy win for Ceres and all that care about climate change,” said Ana Lucia Zacapa, Skoll Foundation senior program officer. “Insurance companies touch all sectors of the economy. Disclosure of their risks and plans to address these risks will likely lead to insurance companies and those they insure to change their behavoir to one that cause less climate change and is less exposed to its risks.”
Read more about the news in the New York Times, which credits Ceres’ critical role.