NAIC Fall Meeting Update: Climate And Resiliency (EX) Task Force – Insurance Laws and Products

The mission of the Climate and Resiliency (EX) Task Force is to
serve as the coordinating NAIC body for discussion and engagement
on climate-related risk and resiliency issues, including dialogue
among state insurance regulators, industry, and other stakeholders.
On Tuesday, December 9, 2025, the Climate and Resiliency (EX) Task
Force discussed the following topics:1

1. The Task Force’s 2026 Proposed Charges and
   Updates: Specifically, the regulators discussed concerns
   relating to harsh winter storms that impact various jurisdictions
   across the U.S. The comment period as to what will be included in
   the proposed charges will be open until January 12, 2026.




2. The Natural Catastrophe Risk Dashboard Report:
   The Task Force discussed the project, which was developed using a
   drafting group of 12 states to give regulators data which could
   assist in closing protection gaps. At the meeting, an attendee
   asked for an extension of the comment period for this report, and
   the committee responded that the deadline could be extended 10
   days. The comment period now ends January 12, 2026. At the meeting,
   regulators discussed how important it is to gather helpful
   information and statistics from industry contributors to create the
   best and most accurate dashboard tool.




3. Disaster Preparedness Guide Summary: The Task
   Force discussed how, since the Summer Meeting, the drafting group
   has incorporated comments into a full document, but that the Guide
   is still developing. Additionally, the Task Force is drafting an
   executive summary document which includes timelines and
   post-disaster steps (from fires in Hawaii and Hurricane Helene in
   North Carolina). It is projected that this document will be
   accessible for regulatory reference in the near to medium term. The
   Task Force noted the importance of combatting misinformation
   surrounding natural disasters in real time by communicating with
   consumers, local governments, and news outlets with accurate
   information regarding how the insurance industry is and will
   respond. It was acknowledged that much of the contributing work was
   provided by the Catastrophe Risk Management Center of Excellence
   (COE).




4. A Presentation on Private Flood Insurance and
   Discussion of the Flood Insurance Blueprint: The Task
   Force received a presentation on Private Flood Insurance, with key
   takeaways including: (i) the task force has been collecting data
   since 2021; (ii) Since 2018, there has been significant growth in
   the private flood market; (iii) there were 773,000 private flood
   policies in force at the end of 2024 in this market; (iv) the
   highest loss ratios were seen in SD, IA, ME, NH, TN; (v) the states
   with most residential premium written were FL, TX, NJ, CA, NY; and
   (vi) outside of FL and NC, negative growth has been observed in the
   National Flood Insurance Program. With regards to the Flood
   Insurance Blueprint, a stated priority for 2026, there were five
   major actions items for the task force: (i) launch national
   initiative to increase awareness of flood risk and risk mitigation
   recommendations; (ii) close protection gaps by growing private
   flood insurance options; (iii) create new partnerships with
   universities in state jurisdictions to conduct localized risk
   assessments and risk mitigation strategies; (iv) build stronger
   communication with state and local governments to support more
   effective risk awareness; and (v) expand advocacy for state and
   federal funding to reduce floods.

Footnote

1. Materials are available for reference here.