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Press Release: California’s Insurance Solvency Proposal Needs Strengthening To Deliver
The insurance industry’s ongoing failure to adequately manage and mitigate climate-related risks requires clear and precise requirements from the California Department of Insurance (CDI) according to new comments from Public Citizen and Americans for Financial Reform Education Fund.
The Latest from AFR
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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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Private Equity Stakeholder Project: Wall Street’s gas addiction fuels the AI boom, derails climate progress
“The growth of private equity-owned gas power plants cuts into hopes of progress on renewable energy,” said Hibba Meraay, Research Analyst at Americans for Financial Reform Education Fund. “By backing these gas power plants, private equity contributes to global warming while placing an uneven burden of health risks and increased emissions on the global south…
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CQ News: FDIC nominee gets bipartisan pushback
“The CZ pardon is the lastest egregious example of that kind of activity,” said Mark Hays, associate director for cryptocurrency and financial technology at Americans for Financial Reform, using a nickname for Zhao
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The Walrus: Elon Musk Could Soon Be the World’s First Trillionaire
The New York Times nabbed a quote from a director at Americans for Financial Reform that decried the vast discrepancy between Musk’s compensation package and the median compensation at Tesla—roughly $57,000 (US) per year.
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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.
