The Treasury Department this week announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial risk to consumers. According to the agency, the FIO will obtain previously unavailable insurance data at a ZIP code level from the largest homeowners insurance providers that collectively underwrite around 70% of homeowners insurance premiums nationwide. The agency said it will not publish data or analysis of specific companies or groups, or comparisons of results across companies or groups.
ABA DataBank: Consumer prices increased at a slower pace
Elevated inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth, ABA economists said. This could be a headwind for loan demand, particularly for interest rate sensitive products such as...
