On the first day of 2021's Atlantic hurricane season, the Insurance Information Institute's (Triple-I) CEO briefed regulators on the steps U.S. insurers are taking to reduce climate-related risks as natural disasters grow in frequency and severity.
President Biden’s May 20, 2021, executive order laid out an aggressive plan to address climate change risk, including a set of directives that will have a major impact on the operations of federal government and on regulation of financial markets participants.
To embed, copy and paste the code into your website or blog:
US President Joe Biden’s May 20, 2021, executive order laid out an aggressive, whole-of-government plan to address climate change risk, including a set of directives that will have a major impact on the operations of the federal government and on the regulation of financial markets participants. While the effects on regulation of banks and financial services companies are somewhat clearer, state-regulated insurance companies face a murkier, less well-defined future. This
On the Subject reviews recent developments in climate change risk management in the United States and in Europe, and outlines some of the challenges that lie ahead.
Governor DeSantis got
everything he asked the state legislature for in his state of the state speech. Creation of a Resiliency Task Force. Check. Expanded school choice. Check. Bonuses for teachers and first responders. Check. COVID-19 liability protections for businesses and organizations. Check. Enhanced election integrity standards. Check. Ban on vaccine passports and limitations on emergency declarations by governments at all levels. Check. “Anti-riot” legislation. Check. Online sales tax collection by out-of-state businesses (which the governor wanted as a way to not disadvantage local businesses online). Check. Regulations on big tech firms who censor political speech. Check. To say it was a successful session from the governor’s perspective is an understatement. We’ve seen a vast difference in the three sessions under the DeSantis administration as compared to his predecessor Rick Scott. Despite Republicans holding control of the state government for