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The NFIP and NOAA were both targets in the Project 2025 crosshairs. -
Legal experts say the bill, SB 222, stands a good chance of becoming law.
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The bill would put new restrictions on bad faith claims, close loopholes.
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The FIO has limited power, but it has attracted fierce industry opposition.
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The laws mandating payments were enacted after devastating fires in 2018.
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It is among the first bills to pass the House during Donald Trump’s presidency.
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The much-anticipated creation of a DOGE office is already being challenged in court.
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The regulator also emphasized the need for private flood insurance after hurricane Helene.
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Many are confident the regulatory changes will still stabilize the market in the near-term.
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America’s longest-serving insurance commissioner was one of the first regulators to focus on climate.
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III also denies its CEO made anti-gay remarks or harassed a gay employee.
