IL | The Illinois Department of Insurance has issued Company Bulletin 2024-13 regarding the Climate Risk Disclosure Survey.
For the current survey, Reporting Year 2023, all participating insurers are required to report using the Task Force on Climate related Financial Disclosure (TCFD)-aligned NAIC Climate Disclosure Risk Survey, which is consistent with the past two reporting years. Since the TCFD- aligned survey was first developed and implemented in 2022, the number of regulators implementing the Survey almost doubled, expanding the number of companies covered by around 20%. For guidance on the specific survey sections and questions, reference the NAIC Climate Risk Disclosure Survey document.