International Journal of Environment and Climate Change

This research paper examines climate change's effects on the U.S. insurance sector from 1980 to 2023. The paper suggested that to alleviate the effects of climate change, insurers and insurance regulators must improve openness and accountability in their climate risk management and encourage firms to handle climate risks effectively. Furthermore, they must elucidate the appropriate management of climate risk and instruct examiners on circumventing blue-lining, which complicates families' access to affordable insurance and other financial services, thus hindering their capacity to recuperate from the impacts of climate change. Finally, they should select an appropriate external financial services provider, to assess the insurer's operational practices, financial reporting, internal controls, and the general condition of the industry to detect potential risks. then, the service provider devises strategies centered on high-risk insurance categories, ensuring enough field testing to mitigate the risks associated with climate change.