IL| The Illinois Department of Insurance has issued Bulletin 2025-11, requiring all licensed insurance companies with over $100 million in direct written premium nationwide in 2024 to complete and submit the TCFD-aligned NAIC Climate Risk Disclosure Survey by August 29, 2025. Companies may submit uniform group responses if policies and answers are consistent and must include a separate document for each qualifying company; participation in a set of voluntary yes/no questions is also encouraged, with guidance and resources available via the Department.
Key Points:
- Insurers with over $100 million in direct written premiums nationwide must submit a TCFD-aligned climate risk disclosure by August 29, 2025.
- Uniform group responses are permitted for similar companies, and voluntary yes/no supplementary questions are available to enhance disclosure.
