By Jeff Dale2023-06-27T23:42:00
The Treasury Department’s Federal Insurance Office (FIO) issued a report Tuesday on gaps in how states supervise and assess climate-related risks among insurers.
The 68-page report expands upon efforts to collect data on climate-related risk in the insurance industry, specifically at the state level. The report was conducted and released in response to an executive order by President Joe Biden in May 2021.
Some states already have policies in place to incorporate climate-related risks into state insurance regulation and supervision, but these efforts are “fragmented … and limited in several critical ways,” the Treasury said in a press release.
2025-09-08T16:49:00Z By Jaclyn Jaeger
Cyber threats, climate-related catastrophes, and disruptive technologies remain top risks reshaping the U.S. insurance industry. The question is how chief risk officers at the nation’s largest insurers are confronting them.
2023-05-02T20:34:00Z By Aaron Nicodemus
Hester Peirce of the Securities and Exchange Commission argued materiality-based standards—not environmental, social, and governance standards—best suit investors’ needs during a recent speech.
2023-03-31T18:28:00Z By Aaron Nicodemus
The Committee of Sponsoring Organizations of the Treadway Commission created a framework for companies seeking to achieve effective internal control over sustainability reporting.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
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