Finance Media Monitor | 9.25.23



California Insurance Commissioner Ricardo Lara announced a new rule allowing insurers to consider future climate change risks when setting prices. The rule will likely cause insurance rates to rise in some high-risk fire areas, but has been applauded by the state’s insurance industry, which claims the move will stabilize the market and make prices more fair.

The rule change comes as insurance companies are under increasing scrutiny from state and national leaders for pulling out of states worst affected by climate change. And while insurance companies can now raise prices to account for the crisis they’ve caused, Senate Budget Chair Sheldon Whitehouse wants insurance companies to testify about their relationships with the fossil fuel industry.





  • Alex Cornwallis shared an article: Trump-appointed judge Kacsmaryk upholds Biden ESG regulations. The judge in Texas ruled against a coalition of 26 states challenging a Biden admin rule, allowing retirement plan managers to factor environmental/social issues into investment decisions.
  • Dogwoodbc shared a reel: A message from Wet’suwet’en hereditary chiefs Woos (of the Gitdumden clan) and Na’moks (of the Tsayu clan) during #nycclimateweek to private equity firm Kohlberg Kravis Roberts & Co (kkr_co) who owns a 65% stake in the #CoastalGasLink pipeline. “Yes, KKR is worth over half a trillion dollars. But our rights, our title, our freedom, our culture, our waters, our food security is worth more than any amount of money.” — Chief Na’moks