One of my continuing and growing concerns about climate financial risk is that no one has the authority to monitor economy-wide financial risk. I spoke with Chairman Powell about this last week (at the 2:37 mark). Short thread. https://www.c-span.org/video/?528798-1/monetary-policy-the-economy
@SeanCasten Thanks for the posts. I’m no expert at all, but States can make demands on Insurance Companies to operate in their State? I’ve seen distinct difference between Minn and Texas as to what must be covered.
Or citizens might expect something along the line of of Federal Flood Insurance at the State or Federal level
Sure, I can see The GOP getting on board with that. Maybe if one of their favorite corporations were asking? But just them, average citizens would not be worthy enough. 🤔
