Democratic Sen. Joe Manchin joined Republicans to urge the Biden administration to cease pushing an 'unrealistic environmental agenda' on the insurance industry.
Former Connecticut senator Joseph Lieberman reacts to the debt ceiling standoff and says 'it's time' for President Biden to negotiate with House Speaker McCarthy on 'Your World.'
"We are not in any way writing to suggest that insurers and their state insurance regulators should not be conscientious of changing weather patterns and the industry’s exposure to such," the May 2 letter says.
"We are concerned that this may ultimately result in state insurance regulators and insurers feeling coerced into adopting one-size-fits-all climate-risk mitigation policies rather than building on existing efforts to mitigate risks and manage policyholders’ exposure to changing weather patterns as deemed appropriate by the insurers and state insurance regulators on the ground, which has served the industry and public well," the senators’ letter continues.
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