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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 chang...
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 disadv...
White House Launches Drought Relief Working Group
To embed, copy and paste the code into your website or blog: When we published our last climate change update earlier this month, it was probably a safe bet that the last few weeks of the month would continue to be active. That was an understatement. Before summarizing the New York Department of Financial Services (DFS) March 25 “Proposed Guidance for New York Domestic Insurers on Managing the Financial Risks from Climate Change” (Proposed Guidance), we should consider developments in multiple jurisdictions that form the backdrop for the DFS’ action. IN DEPTH Department of Labor On Marc...