Navigating Climate Risks: Progress and Challenges in U.S. Insurance Sector Disclosures

This report is the second annual analysis Ceres has conducted of major U.S. insurers’ climate risk strategies by examining the disclosures companies are making under the National Association of Insurance Commissioners’ Climate Risk Disclosure Survey. This analysis, conducted with Manifest Climate, is based on the responses submitted to the California Department of Insurance from 516 insurance groups, which total more than 1,695 individual companies representing 80 % of the U.S. insurance market and over $2 trillion in direct premiums written in 2022.