The insurance gaps caused by climate change

Climate change is destabilizing the insurance market, with some insurers pulling out of areas heavily impacted by extreme weather. In response, the Treasury Department is calling on insurers and state regulators to ramp up their efforts to evaluate risks posed by climate change. POLITICO’s Jasper Goodman breaks down the department’s new recommendations and the Biden administration’s wider effort to address climate-related financial risk. Plus, one of the top auto standards-making bodies announced it would standardize Tesla’s charging technology.    Jasper Goodman is an editorial intern at POLITICO. Josh Siegel is a congressional energy reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer. Alex Keeney is a senior audio producer at POLITICO.    For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:  https://subscriber.politicopro.com/newsletter-archive/morning-energy