NAIC Climate Risk Disclosure Survey Results

Instructions 2

You can find TCFD-aligned Climate Risk Disclosure Surveys either under the “Search for a Report (RY 2019-Present)” or “Search for a Survey (RY 2012-2022)”.

The NAIC adopted the original Climate Risk Disclosure Survey in 2010 and it has since been administered by the California Department of Insurance. In 2022, The NAIC adopted a new standard for insurance companies to report their climate-related risks, in alignment with the international Task Force on Climate-Related Financial Disclosures (TCFD).

All insurers with direct written premium amounts of more than 100 million dollars nationwide, licensed to write in any of the participating states/territories, are required to complete and submit their survey on an annual basis. As of 2024, the following states/territories participate: American Samoa, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Guam, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, Northern Mariana Islands, Oregon, Pennsylvania, Puerto Rico, Rhode Island, US Virgin Islands, Vermont, Wisconsin, Washington.

For reporting year 2022, more than 1,600 companies responded, capturing over 85% of the entire U.S. insurance market.

Year-over-Year insurer submissions increased 9.2%, from 1,541 for reporting year 2021 to 1,698 for reporting year 2022.

To contact Climate Risk Administration, please email climaterisksurvey@insurance.ca.gov