A report issued yesterday by the Federal Insurance Office (FIO) has concluded that state insurance regulators should more aggressively address climate-related risks. The FIO, which is housed within the Treasury Department, produced the report in response to an Executive Order (EO) on Climate-Related Financial Risk, which was issued by the Biden administration in early 2021. …
Continue reading FIO Climate Report: NAIC, State Insurance Depts Must Address Climate Risk
This week, Sens. Bob Menendez (D-NJ) and Bill Cassidy (R-LA) introduced bipartisan legislation that would reauthorize the National Flood Insurance Program (NFIP) for five years and make several changes to the program. The National Flood Insurance Program Reauthorization and Reform Act of 2023 has a House companion bill, which is sponsored by Reps. Frank Pallone (D-NJ) …
The House Appropriations Committee held a markup on June 14 during which the Committee considered and passed its fiscal year 2024 (FY 24) Agriculture, Rural Development, Food and Drug Administration and Related Agencies appropriations bill. Included in the bill’s Agriculture title is report language reiterating Congress’s stance, first articulated in its 2022 year-end omnibus appropriations …
Continue reading Congress Again Calls on RMA to Reinstate Crop Insurance Inflation Adjustment
Senator Tina Smith (D-Minnesota) began her career in public service when she was elected the 48th Lieutenant Governor of Minnesota in 2014. After being appointed to the U.S. Senate in 2017, she ran and secured her first 6-year term in 2020. Senator Smith attended Stanford University and afterward attended the Tuck School of Business at …
Continue reading Member Spotlight: Senator Tina Smith (D-MN)
Last week, PIA joined a coalition of allies in sending a letter to the Wage and Hour Division of the Department of Labor (DOL), requesting that the DOL abandon or postpone the issuance of a planned proposed rulemaking that is expected to alter the overtime regulations pursuant to the Fair Labor Standards Act (FLSA). The DOL’s fall …
Continue reading PIA Asks DOL to Abandon or Postpone Expected Changes to Overtime Rule
