AFREF submitted a comment to the California Air Resources Board (CARB) on its solicitation on implementation of SB253 and SB261, climate disclosure laws for large companies doing business in California. AFREF also joined a coalition comment led by California Environmental Voters.
AFR published a policy memo outlining how climate change represents an imminent financial and economic threat, including statistics around increasingly costly disasters, rising uninsured losses, eroding real estate values, ballooning consumer debt, and food price inflation.
AFR and 24 partners sent a letter to the Senate Banking Committee opposing the FIRM Act. The bill purports to curb banking discrimination and enable equal opportunity to obtain financial services. But it would do nothing to prevent actual discrimination or improve access to financial services for people in protected classes.
President Donald Trump’s energy secretary and two of his major donors won a key victory last week when the Securities and Exchange Commission moved to back off a rule requiring large companies to disclose their greenhouse gas emissions and any plans to reduce them.
The California State Insurance Commissioner Ricardo Lara approved a $1 billion bailout of the state’s FAIR (Fair Access to Insurance Requirements) plan to help cover over 3,400 claims it has received due to the devastating Los Angeles fires. The FAIR plan provides insurance to consumers who were dropped by their private insurers.
The Securities and Exchange Commission’s (SEC) Acting Chair Mark Uyeda has requested that the 8th Circuit halt litigation of the agency’s climate transparency rule in light of his and Commissioner Peirce’s opposition to the rule and President Trump’s anti-regulatory order.
Dozens of consumer protection, community development, environmental, climate, and racial justice advocates have joined together to form the Equitable & Just Insurance Initiative, a coalition that aims to develop solutions that can guide community leaders and policy advocates working to address the climate-driven insurance crisis.
The Department of Treasury’s Federal Insurance Office (FIO) released a report revealing how climate change is making homeowners insurance more expensive and harder to obtain across the United States. The report analyzes zip code level data—much of which was also released—obtained from insurers by FIO and the National Association of Insurance Commissioners (NAIC).
Americans for Financial Reform Education Fund led and submitted a letter to the National Credit Union Administration (NCUA) on the agency’s draft 2025-2026 budget. It urges NCUA to appropriately dedicate funding to support credit unions on climate-related financial risk mitigation, climate resilience, and providing safe, equitable
The climate threat is growing. So is the cost of protecting our homes from its damage. Two weeks ago, Hurricane Milton rapidly intensified in Florida, demonstrating the terrifying magnitude that climate change-fueled extreme weather events can reach. Across the country, the growing frequency and intensity of wildfires, hurricanes, and even thunderstorms will require a new approach to insuring homes and communities.