CA | A new analysis reveals that insurance companies could face billions of dollars in losses if they stay on the current course of investments that contribute to climate change, at a scale exceeding some of the worst wildfires in California’s history. That is one of the findings of a first-ever “stress test” of insurance company investments by insurance regulators from California, Oregon, and Washington. The analysis, “The Hidden Cost of Delaying Climate Action for West Coast Insurance Markets,” and executive summary are posted at the California Department of Insurance website.
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