36.3 - Work with private sector partners to determine whether a market would exist for the proposed insurance pool

Insurance policy is largely controlled at the state level and a concerted effort has not been undertaken to determine the viability of the proposed insurance pool. However, multinational insurance companies have been very active in public-private partnerships to help not only combat climate change, but to smartly plan and build in areas that won’t be as susceptible to climate change impacts. For example, Zurich created two insurance projects, Carbon Capture and Sequestration (CCS) Liability Insurance and the Geological Sequestration Financial Assurance, that cover sequestration.