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Alex Padilla: “States should remain the primary regulators of insurance.”

Featuring: Alex Padilla, Democratic | U.S. Senate from California

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Senator Alex Padilla Discusses Climate Change Impact on Insurance and Mortgage Markets

Published | Video Starts at 08:14

And as we've seen, state and federal backstops have become neither affordable nor sustainable in the long term. And while States should remain the primary regulators of insurance. increasingly people are wondering what the federal rule can be in either buttressing those markets or offering alternatives. Dr. Mulder, has the mortgage market already begun to see the knock on effects of the property insurance crisis? (08:14–08:17)

CLAIM

Asserts that states should continue to be the main regulators of insurance.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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