Amid Climate Risks, Environmentalists Float Programs To Aid Insurance

January 30, 2023
Environmentalists are urging the federal government to establish a program akin to the Community Reinvestment Act for the insurance sector, arguing that and other steps would help address affordability and access issues that are being exacerbated by climate change-driven extreme weather. A recent report commissioned by the sustainable investing group Ceres argues that federal policymakers should impose rules on insurers modeled on the 1977 Community Reinvestment Act (CRA) that encourages banks to provide services to low-income communities to combat discriminatory...

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