Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,” burdensome and unauthorized by law.
A Nov. 28 letter from Commissioner Michael Yaworsky to U.S. Treasury Secretary Janet Yellen and a Dec. 4 letter from NAMIC came a few weeks after the Treasury’s Federal Insurance Office (FIO) finalized its proposal for a nationwide data call from property insurers. The office in June also