December 18, 2015
OLYMPIA, Wash. – "A landmark international climate change agreement was reached at COP21 on Dec. 12 with the goal of limiting the global temperature rise to less than 2 degrees Celsius. I signed onto the Paris Pledge for Action on behalf of the Office of the Insurance Commissioner, along with more than 800 other organizations, businesses, investors, cities and regions.
"This is a natural step for my office and is in keeping with my role as the chair of the National Association of Insurance Commissioner’s Climate Change and Global Warming Working Group. Since 2010, I have been one of a handful of state insurance regulators requiring insurers to answer questions about their preparedness for climate change –from their ability to pay higher and more frequent claims to their investment practices.
"My office is also a signatory for the UNEP FI Principles for Sustainable Insurance (PSI) Initiative, along with more than 50 other organizations in the largest collaboration between the United Nations and the insurance industry, backing the aims of the Paris Agreement.
"As a regulator, I need to be sure that insurers are taking steps to build resilience against the climate changes that are already occurring and the changes that are coming. My office joins other international and national organizations devoted to taking action to build resiliency in insurers’ risks and investments and to build resilient communities in the face of climate events."
Read more about Commissioner Kreidler's work on climate change.
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Release No. 15-50