Public finance

The governor aims to secure federal funding with latest executive order in aftermath of Los Angeles fires.

In total, municipal bond insurers wrapped $41.09 billion of debt in 2024, an increase from the $35.38 billion insured in 2023, according to LSEG data.

State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.

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

The recovery of local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Join us at noon, Eastern, on Jan. 30 as Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

The NFMA has floated best disclosure practices for public power agencies that ask for more data on climate and resiliency goals.

California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.

The agency cited the closeness of the entities to Florida's government.

When communities can't access affordable insurance, it can decrease home values, tank municipal bond ratings, and cripple the tax base — and this will only get worse if left unaddressed.