We push for rules to build resilience and enable a just and equitable transition. Requiring regulators, financial institutions, and other corporations to reckon with the costs of climate change is an important part of the puzzle.
The rising costs and decreased availability of insurance as a result of increasingly severe climate change-driven disasters, coupled with inadequate insurance regulation, is a growing crisis contributing to housing unaffordability. We are bringing people together to develop and demand community-led solutions that advance climate, housing, and racial justice.
Advocacy
Resources
Blog
-
Blog: FIRM Act – Why It Should Worry You, And The “Debanking” Distraction
Recently, some of the most politically influential industries — fossil fuels, firearms, private prisons, crypto — have been crying foul about so-called debanking, accusing banks of unjustly denying them financial services because of supposed political biases. This is part of a larger misinformation campaign that is hijacking civil rights language to frame powerful industries as…
-
Press Releases
Press Release: New Report Exposes Widespread Unfairness of Rising Property Insurance Premiums
The escalating crisis of home insurance availability and affordability, driven by climate change and extractive and unfair insurance industry practices, is undermining household financial stability especially for lower-credit score borrowers and people of color, according to a new report from Americans for Financial Reform Education Fund (AFREF) and Public Citizen.
AFR In the News
-
Bloomberg: Trump Administration Scraps Oversight Groups on Climate and Financial Risk
“The inconvenient truth is that climate change is wreaking havoc and throwing property insurance markets into crisis,” said Alex Martin, policy director for climate finance at Americans for Financial Reform Education Fund.
-
In the News: What U.S. weather agency cuts mean for P&C
-
In the News: NOAA’s Move to End Climate Disaster Database Threatens to Drive Up Insurance Costs
The Trump administration’s recent decision to stop updating the National Oceanic and Atmospheric Administration’s Billion Dollar Weather and Climate Disasters database would threaten to drive up insurance costs for consumers already struggling to afford rising premiums, according to a letter signed by 40 environmental and consumer protection organizations sent to Derek Arndt, director of NOAA’s…
