Manchin Breaks Ranks to Fight Biden's ESG Overreach

Top news right now, Republican senators are joining forces with Senator Joe Manchin of West Virginia to fight the Biden administration's attempt to pressure state insurance regulators to adopt climate policies. The senators sent a letter to Treasury Secretary Janet Yellen, accusing the Federal Insurance Office of improperly seeking to influence state-level authorities and insurance firms to consider climate risk. The letter warned that this could result in one-size-fits-all climate-risk mitigation policies being forced on insurers and regulators. Critics also argue that the Biden administration's push for ESG policies compromises profitability and could undermine the insurance industry's ability to manage policyholders' exposure to changing weather patterns.

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