A report released Tuesday by Ceres Insurance Program analyzed 193 P&C insurers and found that a startlingly small number were changing their business models to accommodate for future climate change problems.

Only 4% of insurers had an overall leading rating in the survey, and 20% received a “developing” rating, showing that the majority of P&C insurers are not addressing climate change and the associated risks, according to the report.

Only 13 insurers had a climate review expert who would report to senior level members best corporate practices by monitoring climate risks and strategies, and only 5% of companies were leading in keeping clients engaged through communication and tech tools to help evaluate their risk, according to the report.

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