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Treasury Dept. Mulls Collecting Home Insurers’ Climate Risk Data

Oct. 18, 2022, 9:50 PM

The Treasury Department’s Federal Insurance Office is seeking public comment on its proposal to collect insurance companies’ data to assess climate-related financial risk, a move to evaluate whether homeowners have enough insurance protection against global warming.

The FIO said Tuesday it plans to ask major insurers for “consistent, granular, and comparable insurance data” on their coverage of homes in every zip code in the last five years.

The data collection “would not involve data on individual homeowners or other insured entities,” the FIO said.

“The proposed data collection will assist FIO’s assessment of climate-related exposures and their effects on insurance ...