Climate Risk a Major Challenge for Insurance Industry, Treasury Says

Climate-related risks are becoming an increasing challenge for insurers, the U.S. Treasury Department said, urging state regulators to step up their so-far “limited” efforts to address the issue. Insurers face a host of risks, from increased litigation to reputational harm, associated with climate change, but the response from regulators remains in its early stages, the Treasury Department’s Federal Insurance Office said in a report published Tuesday.

tips

insurance：保险

insurer：保险公司

address：这里有设法解决的意思，除此还有发表演说的意思

urge：迫切的要求；vt. 敦促，鼓动（sexual urges 性冲动）

litigation：诉讼；起诉（litigate 诉讼）

treasure：宝物，财富；vt. 珍爱，重视