Ceres’ fourth annual review of climate risk reporting reveals a paradox: most U.S. insurers disclose climate risks, but the quality of those disclosure remains uneven. 

This gap matters.  

As climate‑related losses accelerate, insurers face mounting financial and operational risks—and without robust, comparable data, they cannot accurately price risk, align capital with exposure, or meet rising investor and regulatory expectations. 

This report—2026 Progress Report: Climate Risk Reporting in the U.S. Insurance sector—analyzes climate disclosures from 537 insurance groups, following the TCFD framework's four pillars: governance, strategy, risk management, and metrics and targets. 

• It provides the first comprehensive assessment of disclosure quality among investors.  

• Our report shows the industry has answered the question of whether to report. The challenge now is how to ensure disclosures are robust enough to strengthen underwriting, investment strategy, and long‑term financial resilience. 

Explore the complete dataset with our free interactive dashboard. Filter by carrier, TCFD pillar, line of business, National Association of Insurance Commissioners zone, assessment year, and individual datapoints