California Insurance Commissioner Ricardo Lara, together with the United Nations’ Principles for Sustainable Insurance Initiative (PSI), announced the introduction of a “Sustainable Insurance Roadmap” for the state – considered America’s largest insurance market.
Lara and Butch Bacani, who leads the UN PSI, introduced the Sustainable Insurance Roadmap at the UN Climate Change Conference (COP27) in Egypt.
“California is being aggressive in protecting vulnerable communities from growing climate threats. We need the insurance sector to match our aggressiveness in protecting consumers,” said Lara at the conference. “Working with the United Nations, California is making a strategic