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Climate Cast ®
Paul Huttner and Ngoc Bui

Groups call for greater federal oversight of insurance industry amidst climate change impacts

Financial Markets Wall Street
Costs from climate change-related disasters are having serious impacts on the insurance industry.
Seth Wenig | AP

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Insurance losses from climate-enhanced extreme weather disasters are changing the insurance landscape.

And this week, several groups have sent a letter to Treasury Secretary Janet Yellen and the Financial Stability Oversight Council to call for greater federal oversight of the insurance industry in light of soaring disaster costs.

Anne Perrault, finance policy counsel with advocacy group Public Citizen, shared more about the asks.

To hear the full conversation, click play on the audio player above or subscribe to the Climate Cast podcast.