Prudent Oversight and Management of Catastrophe Risk Exposure
Our Chief Risk Officer heads a team responsible for our overall climate risk management strategy, which the Boards of Directors of our Insurance Subsidiaries oversee.
Helping Our Customers Mitigate Climate-Related Risks
Helping our customers mitigate climate-related risks includes efforts such as responsive claims handling, safety management services, proactive messages, and value-added services. For example, we proactively message our customers and distribution partners alerting them to severe weather conditions, such as increased wildfire risk or incoming storms with practical, timely tips for risk mitigation.
Preparing for the Continued Transition to a Clean Energy Future
As part of an economic transition to a low-carbon future, we expect new technologies, infrastructure, and processes to be introduced – all of which may require insurance coverage. We believe that these developments could present sizable business opportunities.
Reducing Our Carbon Footprint
As a financial services organization, we are not a major producer of greenhouse gases. However, we have several initiatives in place to help reduce our carbon footprint.