Jung, Hyeyoon; Engle, Robert F.; Ge, Shan; Zeng, Xuran - 2023
Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers … through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and …
