The Guardian Investigates Climate Risk Underestimation in Insurance

The Guardian is soliciting testimony from insurance industry professionals to investigate whether firms are systematically underestimating climate-related risks. The news organization is seeking information from modellers, actuaries, and underwriters regarding the management of potential losses from natural disasters, including wildfires, floods, storms, and droughts.

The inquiry follows reports that some insurance workers may have faced pressure to downplay the severity of these risks. The publication aims to determine if this practice is widespread across the industry, specifically whether firms intentionally underestimate potential losses to maintain affordable premiums for their customers.