Corporate governance

The legislation would create a bond-financed reinsurance program to stabilize the homeowner's insurance market, which has been impacted by wildfires.

With eye-popping infrastructure needs, market participants discussed how this will influence issuers' plans, from demand to disclosure.

A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than lenders.

The president suggested federal aid could be sent directly to states instead of through FEMA.

As state and local governments are charged with funding 3/4ths of the country's infrastructure, the catastrophic wildfires in Los Angeles highlight even more the municipal bond market's vital role in keeping the U.S. competitive globally and maintaining the heart of fiscal federalism at home.

Lifting the SALT cap is one of several thorny issues Republicans hope to iron out as part of a larger reconciliation bill by March.

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

States may need to look to Florida's catastrophe fund example as extreme weather increases, FEMA denies more requests and insurance becomes unprofitable in much of the Midwest.

The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.

A petition aimed at the Federal Emergency Management Agency highlights the deficiencies and opportunities FEMA has in adapting to a world of frequent extreme weather events