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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…
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Rising Property Insurance Premiums: The Uneven Risks to Household and Systemic Financial Stability
Introduction Property insurance is growing more expensive and harder to obtain throughout the U.S. Climate change and the rising costs of severe weather damage are a crucial cause, but racial and economic inequities within the property insurance market are an important part of the puzzle, and they have been too frequently overlooked. In particular, recent
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AFR in the News
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Bloomberg Law: FTC Sees Dismantling of Consumer Watchdog as Growth Opportunity
“The FTC does not have additional authority to address those issues that it didn’t have prior to the financial crisis,” [said Patrick Woodall, the managing director for policy at Americans for Financial Reform.]
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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.
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NYT: Elon Musk Could Become First Trillionaire Under New Tesla Pay Plan
“His own median worker is making $57,000 while he is awarded a pay package that could add up to $1 trillion by being a part-time C.E.O.,” Ms. Renta said. “It’s just very outrageous.”
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Fact Sheet: CLARITY Act Worse than Last Year’s FIT 21 Crypto Deregulation
From Bad to WorseKey Differences Between Crypto-Backed CLARITY Act and FIT 21 Deregulation Click here for a PDF of this document. This year’s crypto market structure legislation promoted by the industry shares many of the flaws of last year’s crypto legislation, but the deregulatory elements in the Digital Asset Market Clarity Act of 2025 (H.R.
