U.S. Senate Budget Committee News

Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back

The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry clapped back by saying extreme weather is just part of …

US Senate Committee Wants Investigation Into Florida Citizens’ Loss Reserves

The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is …