Trade Associations
News releases, reports, statements and associated documents from national and international trade associations influencing the debate on federal policies.
Featured Stories
Solar Energy Industries Association: New Report - Clean Energy Industry is Generating Billions for Texas Landowners and Local Governments
WASHINGTON, Jan. 23 (TNSres) -- The Solar Energy Industries Association issued the following news release:
AUSTIN, TX -- Existing and expected utility-scale solar, wind, and battery storage projects will contribute over $20 billion in total tax revenue -- and pay Texas landowners $29.5 billion -- over the projects' lifetimes, according to new data released by the Solar Energy Industries Association (SEIA), Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and the Texas Solar + Storage Association (TSSA). Over 75% of Texas counties are expected to receive tax revenues
... Show Full Article
WASHINGTON, Jan. 23 (TNSres) -- The Solar Energy Industries Association issued the following news release:
AUSTIN, TX -- Existing and expected utility-scale solar, wind, and battery storage projects will contribute over $20 billion in total tax revenue -- and pay Texas landowners $29.5 billion -- over the projects' lifetimes, according to new data released by the Solar Energy Industries Association (SEIA), Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and the Texas Solar + Storage Association (TSSA). Over 75% of Texas counties are expected to receive tax revenuesfrom either wind, solar, or energy storage projects.
"The Economic Impact of Renewable Energy and Energy Storage Investments Across Texas" -- authored by leading energy expert Dr. Joshua Rhodes, a Research Scientist at The University of Texas at Austin and Chief Technology Officer of energy consulting firm IdeaSmiths LLC -- includes 2024 investments and finds that current and expected renewable and energy storage projects are expected to pay nearly $50 billion in lifetime landowner lease payments and local taxes.
"In many cases, the long-term revenue streams renewable energy and energy storage lease agreements provide are helping rural Texans hold on to land that has been in their families for generations," said Dr. Rhodes. "And this comes at a time of tremendous growth in electricity demand when we need every new megawatt we can generate, so renewable energy and energy storage projects have the added benefit of helping to increase the state's electric grid reliability."
"This report helps explain why polls show the vast majority of Texans support solar energy development, think solar is good for the economy, and believe that landowners should be able to do what they want with their land," said Daniel Giese, Texas state director for SEIA. "The solar and storage industry is continuing Texas' legacy as an energy leader and proud that tax revenue generated by solar energy and storage projects are helping local governments better serve Texans all across the state."
Additional findings from the report include:
* Landowners, local elected officials, and community leaders find renewable energy projects favorable for the stability that comes with consistent long-term revenue streams;
* Landowners who exercise their private property rights by hosting renewable energy and energy storage projects are receiving stable, reliable, multigenerational income for their families;
* Communities hosting projects are enjoying new tax revenue for schools, infrastructure, and services;
* The continued growth of renewable energy and energy storage is important for both the state economy and grid reliability; and
* Renewable energy and energy storage projects, individually and co-located, offer predictable, affordable power for Texas homes and businesses.
The full report and an interactive map showing project size, tax, and landowner payment data per county and legislative district -- the only data breakdown of this kind -- can be accessed at txrenewables.net.
INDUSTRY VOICES
Matt Welch, State Director, Conservative Texans for Energy Innovation:
"Texas' record growth is continuing across all energy sectors, especially utility-scale renewable energy and energy storage. This report confirms the tremendous economic impact clean energy projects continue to have across every region of Texas."
Judd Messer, Texas Vice President, Advanced Power Alliance:
"Renewable energy projects continue to benefit all corners of Texas by offering affordable power that drives down consumers' electric bills, more megawatts to enhance grid reliability and unique economic development opportunities, especially in rural areas that could otherwise not attract significant investment. Texas will continue to realize these benefits so long as policies work to maintain a competitive market and promise non-discriminatory treatment of all resources contributing to our grid."
Mark Stover, Executive Director, Texas Solar + Storage Association:
"Dr. Rhodes' report provides an in-depth look at the tremendous economic benefits that solar and energy storage projects deliver to Texas. Landowners who exercise their private property rights by hosting solar and storage projects are receiving stable, reliable, multigenerational income for their families. And, project communities are enjoying new tax revenue for schools, infrastructure, and services. The continued growth of solar and energy storage is important from an economic standpoint, as well as a grid reliability standpoint. On their own and when located together, solar and storage offer predictable, affordable power for Texas homes and businesses."
LOCAL VOICES
* Michael Looney, the VP of Economic Development at San Angelo Chamber of Commerce and volunteer fireman: "The western part of the county is challenging, even for grazing, given the lack of water, trees, and how rocky the terrain is. However, we have three massive solar farms that have been able to make it work."
* Justin Risner, Superintendent of the Central Independent School District (whose motto is "All In") - where the [Azalea Springs Solar Park] is located - explains his proactive approach: "I knew they were going to build the project, and I wanted our community to benefit from it." He praised the developer for their collaborative efforts, noting that the company has returned several times to ask what investments would best serve the community.
* Dr. Michael Davis, former Superintendent for Cushing ISD in neighboring Nacogdoches County and now a school finance specialist with the Region 7 Education Service Center, applauded the growth of renewables in East Texas. "It's great to see these types of projects coming to our region," he said. "For smaller, rural schools, the added revenue can make a significant difference -especially for funding enrichment and construction projects that might otherwise be out of reach."
* Allen Gully, who farms over 3,000 acres on the edge of San Angelo, the county seat of Tom Green County, was proactive in getting a 160 MW solar farm set up on 620 acres including two of his neighbors. He said that ... "[t]he truth is that the sheep that graze on the grass that grows under the solar panels are more agriculturally productive than the dryland cotton I used to run on it!"
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About SEIA(R):
The Solar Energy Industries Association(R) (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
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REPORT: https://static1.squarespace.com/static/652f1dc02732e6621adb2a3a/t/678c0be1d3dc1c42cd14be89/1737231331280/FINAL_2025_Renewable_Energy_Storage_in_Texas.pdf
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Original text here: https://seia.org/news/new-report-clean-energy-industry-is-generating-billions-for-texas-landowners-and-local-governments/
[Category: Energy]
More Reforms Needed to Stem Legal System Abuse in Louisiana Insurance Market; Households Pay Significantly More for Coverages in Bayou State Compared to Other States: Triple-I
NEW YORK, Jan. 23 -- The Insurance Information Institute issued the following news release:
MALVERN, Pa., Jan. 22, 2025 - Legislative reforms made in 2024 are a positive first step toward repairing Louisiana's insurance market, which has long suffered from excess claims litigation and attorney involvement that drives up costs and, ultimately, premium rates. But more work is needed by state lawmakers, according to the new report Trends and Insights: Louisiana Insurance Market published by the Insurance Information Institute (Triple-I).
"Louisiana, with the leadership of its insurance commissioner,
... Show Full Article
NEW YORK, Jan. 23 -- The Insurance Information Institute issued the following news release:
MALVERN, Pa., Jan. 22, 2025 - Legislative reforms made in 2024 are a positive first step toward repairing Louisiana's insurance market, which has long suffered from excess claims litigation and attorney involvement that drives up costs and, ultimately, premium rates. But more work is needed by state lawmakers, according to the new report Trends and Insights: Louisiana Insurance Market published by the Insurance Information Institute (Triple-I).
"Louisiana, with the leadership of its insurance commissioner,is potentially on the path toward stabilizing its insurance market," said Triple-I CEO Sean Kevelighan. "We have also seen in states such as Florida that comprehensive legal reform works. Louisiana has more to do, and we hope the progress being made stays on course. As we continue to be inundated in this country by the likes of billboard attorneys preying on vulnerable Americans and increasing insurance costs for everyone, now is the time for more action."
Research by the Insurance Research Council (IRC) - like Triple-I, an affiliate of The Institutes - shows Louisiana to be among the least affordable states for both personal auto and homeowners insurance. In 2022, the average annual expenditure for auto insurance in Louisiana was $1,588, nearly 40% above the national average.
Louisianans also pay significantly more for homeowners insurance coverage than the rest of the nation, with an average annual expenditure of $2,178--among the highest rates in the U.S. This represents 3.81% of the state's median household income--54% above the national average.
"The state has faced multiple major weather events, with extensive litigation following each natural disaster," said Dale Porfilio, FCAS, MAAA, chief insurance officer at Triple-I. "Rising auto-repair and construction costs, combined with the state's relatively low household income, have compounded these issues."
Porfilio, who is also president of the IRC, noted that combined ratios for writers of homeowners insurance coverage in Louisiana soared in 2020 and 2021, due primarily to hurricane-related losses.
"The largest property loss events in those years were Hurricane Laura in 2020 and Hurricane Ida in 2021," he said.
Combined ratio - the common measure of insurer underwriting profitability - represents the difference between claims and expenses paid versus premiums collected. A ratio below 100 shows an underwriting profit; one above 100 indicates an underwriting loss.
Key findings of the report:
* Louisiana homeowners insurers would have to average a combined ratio of 85 for 24 years to offset the 2021 ratio.
* Louisiana residents pay 2.7% of income on average, per car, per year with nearly 50% going toward coverage for auto injuries, rather than car repairs.
* 1.3% of average household income is spent on coverage for auto injuries in Louisiana compared to 0.6% nationwide.
* The relative injury claim frequency in Louisiana is nearly double the national average, with 49% of vehicle accidents resulting in bodily injury claims.
* Louisiana's low average personal income relative to the rest of the U.S. contributes to its personal auto insurance affordability problems, which are exacerbated by its litigation environment.
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About Insurance Information Institute
With more than 50 insurance company members -- including regional, super-regional, national and global carriers -- the Insurance Information Institute (Triple-I) is the #1 online source for insurance information in the U.S. The organization's website, blog and social media channels offer a wealth of data-driven research studies, white papers, videos, articles, infographics and other resources solely dedicated to explaining insurance and enhancing knowledge.
Unlike other sources, Triple-I's sole focus is creating and disseminating information to empower consumers. It neither lobbies nor sells insurance. Triple-I offers objective, fact-based information about insurance - information that is rooted in economic and actuarial soundness. Triple-I is affiliated with The Institutes.
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About Insurance Research Council
The Insurance Research Council (IRC), affiliated with The Institutes, is an independent, nonprofit research organization supported by leading property and casualty insurance companies and associations. IRC provides timely and reliable research to all parties involved in public policy issues affecting insurance companies and their customers. IRC does not lobby or advocate legislative positions.
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About The Institutes
The Institutes are a global not-for-profit comprising diverse affiliates that educate, elevate and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes' nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting and preventing losses to create a more resilient world.
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Original text here: https://www.iii.org/press-release/more-reforms-needed-to-stem-legal-system-abuse-in-louisiana-insurance-market-households-pay-significantly-more-for-coverages-in-bayou-state-compared-to-other-states-triple-i-012225
[Category: Insurance]
From Failing Grades to Straight A's The ALS Association Releases State Advocacy Report Cards
ARLINGTON, Virginia, Jan. 23 (TNSres) -- The Amyotrophic Lateral Sclerosis Association issued the following news release:
As state legislatures are beginning their 2025 sessions, the ALS Association has released its latest ALS State Policy Report Cards (https://www.als.org/advocacy/state-policy-advocacy/report-cards), offering a detailed snapshot of how effectively all 50 states and Washington, D.C. are using public policy to serve the ALS community. These report cards highlight critical opportunities for improvement while recognizing the states leading the way in enacting legislation that benefits
... Show Full Article
ARLINGTON, Virginia, Jan. 23 (TNSres) -- The Amyotrophic Lateral Sclerosis Association issued the following news release:
As state legislatures are beginning their 2025 sessions, the ALS Association has released its latest ALS State Policy Report Cards (https://www.als.org/advocacy/state-policy-advocacy/report-cards), offering a detailed snapshot of how effectively all 50 states and Washington, D.C. are using public policy to serve the ALS community. These report cards highlight critical opportunities for improvement while recognizing the states leading the way in enacting legislation that benefitspeople living with ALS.
The State Report Cards assign letter grades to each state to measure progress on several key policy priorities essential to making ALS a livable disease for everyone, everywhere. These include:
* Appropriations supporting ALS clinics and care services
* Legislation ensuring access to affordable Medigap insurance plans
* Reforms to the insurance prior authorization process to reduce unnecessary delays and denials
* Elimination of harmful step-therapy or fail-first requirements for people living with ALS
* Legislation addressing unfair copay accumulator adjustment programs
"Governors and state legislators all have the potential to make a meaningful difference in the lives of their constituents living with ALS by enacting public policies designed to help make ALS livable until we can cure it," said Alex Meixner, VP of state policy at the ALS Association.
"These report cards not only shine a light on the good work that's already taken place in many states but also serve as a call to action to do more. By working together, we can ensure that all people living with ALS have access to the care and support they need."
Among the top-scoring states is New York, the only state to earn straight A's, along with Arkansas, Massachusetts, Minnesota, New Mexico, Pennsylvania, and Virginia, which achieved a B average or better. On the other end of the scale, Alaska, Hawaii, Idaho, Montana, Nevada, New Hampshire, North Dakota, Rhode Island, South Carolina, Utah, and Wyoming earned a D average or worse and need improvement.
The ALS Association remains optimistic that the 2025 legislative sessions provide an opportunity for all states to improve their standing and strengthen their commitment to improving the lives of people living with ALS. The Association's goal of making ALS a livable disease--and ultimately finding a cure--requires bold policy action at every level of government. The ALS Association stands ready to work with lawmakers to deliver real, measurable outcomes for those affected.
"The good news is that whether a state is leading the pack, last on the list, or somewhere in between, there's always room to improve," Meixner added. "With continued advocacy and collaboration, we can drive policies that help make ALS livable and support the search for a cure."
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About the ALS Association
The ALS Association is the largest ALS organization in the world. The ALS Association funds global research collaborations, assists people with ALS and their families through its nationwide network of care and certified clinical care centers, and advocates for better public policies for people with ALS. The ALS Association is working to make ALS a livable disease while urgently searching for new treatments and a cure. For more information about the ALS Association, visit our website at www.als.org.
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About ALS
Amyotrophic lateral sclerosis (ALS) is a progressive neurodegenerative disease that affects nerve cells in the brain and spinal cord. Over the course of the disease, people lose the ability to move, to speak, and eventually, to breathe. The disease is always fatal, usually within five years of diagnosis. Few treatment options exist, resulting in a high unmet need for new therapies to address functional deficits and disease progression
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Original text here: https://www.als.org/stories-news/failing-grades-straight-als-association-releases-state-advocacy-report-cards
[Category: Medical]
CMA Invests $600,000 To Help Sustain Music Industry Mental Health Organizations
NASHVILLE, Tennessee, Jan. 23 -- The Country Music Association issued the following news release:
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The Country Music Association Invests $600,000 to Help Sustain Music Industry Mental Health Organizations
Six Organizations Each Receive $100,000 to Support Growing Infrastructure Needs Amid a Heightened Increase in Demand for Mental Health Resources
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The Country Music Association (CMA), the leading trade association supporting the Country Music industry, is proud to announce a $600,000 investment to help sustain six music industry-affiliated organizations operating in the mental health
... Show Full Article
NASHVILLE, Tennessee, Jan. 23 -- The Country Music Association issued the following news release:
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The Country Music Association Invests $600,000 to Help Sustain Music Industry Mental Health Organizations
Six Organizations Each Receive $100,000 to Support Growing Infrastructure Needs Amid a Heightened Increase in Demand for Mental Health Resources
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The Country Music Association (CMA), the leading trade association supporting the Country Music industry, is proud to announce a $600,000 investment to help sustain six music industry-affiliated organizations operating in the mental healthspace. Amber Health, Backline, ECCHO Live (formerly Touring Career Workshop), Music Health Alliance, MusiCares, and Porter's Call will each receive $100,000 to strengthen critical infrastructure needs as they work to meet the growing demand for mental health resources. Learn more about the six organizations HERE.
"We strongly believe in supporting the heart of our industry--our people," says Sarah Trahern, CMA Chief Executive Officer. "This investment demonstrates CMA's commitment to addressing the growing demand for mental health resources within our business, whether that means counseling, healthcare advocacy, financial guidance, substance abuse care, disaster relief, or even basic living needs. We've seen firsthand the devastation and emotional impact caused by the recent Los Angeles wildfires and the catastrophic flooding brought on by hurricanes in parts of North Carolina, Tennessee and Florida a few months ago. The organizations we've partnered with are on the front lines of all aspects of mental health, and by partnering with each of them, we're doing our part to support the vital work they do every day. Our hope is that this not only provides meaningful support but also sparks broader awareness and action around sustaining mental health resources in our format. Together, we are shaping an industry that prioritizes health, humanity, and creativity, ensuring that the business can continue to flourish without compromising the well-being of its people."
The investment represents more than funding--it reflects CMA's unwavering commitment to innovating and addressing the unique challenges facing the music industry. The unique nature of the music business--one built on the creativity and artistry that makes it so special--also places immense pressure on those who bring it to life. The demands of touring, creating, and working in an industry that thrives on vulnerability and emotional expression often take a toll on mental health at a pace that exceeds other industries. CMA recognizes that mental health resources are no longer optional--they are essential. By supporting these organizations, CMA is not just addressing the growing needs of today but also building a more sustainable and supportive future for the people who are the heart and soul of Country Music.
The initiative is a bold step forward for the Nashville-based trade association, reaffirming CMA's role as a leader in not only celebrating artistry but also safeguarding the well-being of the individuals who make the genre thrive.
Data shows the critical need for mental health action in the music industry. In 2019, Amber Health's research team conducted the Touring Health and Wellness Survey, which gathered vital insights from over 1,400 touring professionals. It highlighted the prevalence of key mental health outcomes and uncovered the factors impacting mental and physical health, thereby establishing critical baseline data in an under-researched population. The results of this survey provided the first comprehensive look at the health challenges faced by touring professionals and laid the foundation for much future research.
* 34% reported suffering from clinical levels of depression vs. 7% for the general population
* 74% reported that touring strained their relationships
* 26% reported serious suicidal ideation (either a previous suicide attempt or considering suicide within the past year)
* 45% reported drinking alcohol regularly
* 58% reported having lost a tour colleague to suicide
* 17% reported attending therapy even monthly (or more often)
Today, CMA launched its mental health hub at CMAmember.com/mentalhealth, serving as a comprehensive portal for industry members and offering information on accessing mental health and wellness support through the six partner organizations. Whether you know exactly what you're seeking, or you need guidance to find the best resources for yourself or others, the platform is a centralized tool that empowers music professionals to access tailored mental health and wellness resources with ease.
Read more about each of the six CMA partner organizations below.
Amber Health
Amber Health delivers tailored mental health and wellness solutions for artists, tours, festivals, and music companies. Their team of licensed clinicians offers compassionate, industry-informed care through a wide range of services, from proactive mental health support to on-the-ground clinical programming. For more information, visit https://amber.health/.
Backline
Backline is a national 501(c)(3) nonprofit organization that connects music industry professionals and their families with mental health and wellness resources--streamlining access to a network of trusted organizations and care providers that understand this line of work. With case management, support groups, and wellness offerings, Backline curates their programs to meet the industry where they are--on or off the road. For more information, visit https://backline.care/.
ECCHO Live (formerly Touring Career Workshop)
ECCHO Live focuses on the health and well-being of live music professionals, offering education, resources, and community to address challenges unique to touring life. Their services include financial guidance, wellness programs, and career support. For more information, visit https://www.touringcareerworkshop.com/all-access.
Music Health Alliance
Music Health Alliance is a nationwide nonprofit helping music professionals access affordable and comprehensive healthcare, including mental health services. They do this by removing barriers and providing solutions to restore health and the overall well-being of their clients at no cost. For more information, visit https://www.musichealthalliance.com/what-we-do/ or call 615-200-6896.
MusiCares
MusiCares helps the humans behind music because music gives so much to the world. Offering preventive, emergency, and recovery programs, MusiCares is a safety net supporting the health and welfare of the music community. Founded by the Recording Academy in 1989 as a U.S. based, independent 501(c)(3) charity, MusiCares safeguards the well-being of all music people through direct financial grant programs, networks of support resources, and tailored crisis relief efforts. For more information, visit MusiCares.org.
Porter's Call
Porter's Call serves the touring music artist community with mental and emotional health support specifically attuned to their unique profession and free of charge. A safe and confidential refuge, Porter's Call invites artists and their spouses/partners to share their stories with guides who understand the challenges they face both on and off the stage, caring for the broken within the beautiful. For more information, visit PortersCall.com.
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About the Country Music Association
Founded in 1958, CMA is the premier trade association of the Country Music industry. Representing professionals making a living in Country Music globally, the organization serves as a critical resource of support and information, honors excellence in the genre and provides a forum for industry leadership. CMA is dedicated to expanding Country Music around the world through a number of core programs and initiatives including the organization's three annual television properties--the CMA Awards, "CMA Fest" and "CMA Country Christmas," all of which air on ABC. The organization's philanthropic arm, the CMA Foundation, works tirelessly to provide equitable access to music education in order to create impactful change for students and teachers across the United States.
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Original text here: https://www.cmaworld.com/cma-invests-600000-to-help-sustain-music-industry-mental-health-organizations/
[Category: Arts/Cultural]
American Council of Life Insurers: New Financial Resilience Index Finds Cost Pressures Easing But Still Weighing on American Middle Class
WASHINGTON, Jan. 23 (TNSres) -- The American Council of Life Insurers issued the following news release on Jan. 22, 2025:
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Middle-class households are still adjusting to higher cost of living, while income growth and strong stock market bolster wealth and retirement savings, finds January 2025 Index
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The American Council of Life Insurers (ACLI) today released its January 2025 Financial Resilience Index measuring middle-class households' ability to manage financial challenges and plan for a stable future. The Index analyzes key middle-class economic considerations to assess the direction
... Show Full Article
WASHINGTON, Jan. 23 (TNSres) -- The American Council of Life Insurers issued the following news release on Jan. 22, 2025:
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Middle-class households are still adjusting to higher cost of living, while income growth and strong stock market bolster wealth and retirement savings, finds January 2025 Index
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The American Council of Life Insurers (ACLI) today released its January 2025 Financial Resilience Index measuring middle-class households' ability to manage financial challenges and plan for a stable future. The Index analyzes key middle-class economic considerations to assess the directionand degree of change in middle-class financial resilience. The index uniquely analyzes the interplay between typical cost pressures for middle-class households and the resources available to meet those costs, including income, access to credit and retirement assets.
The January Index results show that in Q3 2024, while inflation continues to moderate, middle-class households are still adjusting to higher costs. However, solid income growth continues to help middle-class households cope with higher costs, and a strong stock market expanded middle-class wealth and retirement savings in 2024.
"Life insurers are focused on helping middle-class households, which is why we created the Index to track how these households are doing financially," said ACLI President and CEO David Chavern. "We often see a safety net gap in middle-class households that leaves them uniquely vulnerable to economic shifts. Through this unique benchmark, we're able to measure the direction and degree of change of middle-class financial resilience - in other words, a middle-class household's ability to manage life's challenges and plan for a stable future."
January 2025 Financial Resilience Index Report
In Q3 2024, the Headline Index, the score used to measure household resilience, was 31.8, up 7 points from the previous quarter and up 18 points from Q3 of last year. These figures indicate middle-class financial resilience is continuing on an upward trajectory and that the pace accelerated this past quarter.
Inflation has eased considerably since its peak in 2022, and cost pressures are continuing to approach historical norms. However, middle-class Americans are still grappling with higher costs and are particularly impacted by high housing and childcare costs. As inflation goes down, wage growth has also declined but remains well above the historical average for middle-class earners. Strong stock market performance in Q3 increased middle-class retirement readiness as retirement assets grew, and spurred growth in non-retirement wealth as well, providing additional financial cushion.
The Financial Resilience Index's accompanying survey - a nationally representative survey conducted quarterly by The Harris Poll - gives a snapshot of how middle-class households are feeling about the state of their finances. The survey explores how middle-class respondents understand their own financial resilience by asking questions about economic mobility, financial stressors, financial stability, and safety nets.
Key findings reveal that just over half (52%) of middle-class households are confident or very confident they could bounce back from an unexpected expense of $5,000, and that over a third of middle-class households (34%) have more than six months of living expenses in easily accessible savings.
However, one-in-five middle-class households (20%) have less than one month of living expenses in accessible savings - and some demographic groups are faring worse than others. Half of rural middle-class households (50%) have 3 or fewer months of living expenses in easily accessible savings compared to 37% of urban households and 38% of suburban ones. And fewer middle-class households with children are confident or very confident they could bounce back from an unexpected expense of $5,000 (43%) than ones without children (56%). More than one-in-four of middle-class households with children (28%) have less than 1 month of living expenses in easily accessible savings compared to 16% of ones without children.
On the other hand, middle-class seniors - those 65 and older - as well as small business owners, show greater financial resilience and report higher savings compared to other middle-class demographics. More than two-thirds of middle-class seniors (68%) are confident or very confident their household could bounce back from an unexpected expense of $5,000 and more than half of middle-class seniors (54%) have more than 6 months of living expenses in easily accessible savings. For middle-class small business owners, 42% have more than 6 months of living expenses in easily accessible savings.
"It's really resource growth that has allowed the middle class to weather the past few years of inflation highs. The flipside of easing inflation has been slower wage growth. However, middle-class wages remain well above historical averages and are a key source of financial resilience," said ACLI Chief Economist Andrew Melnyk. "While inflation has gone down considerably, it remains a bit sticky. If incomes and assets continue to grow, easing inflation would only help alleviate the burden that higher costs of living have placed on America's middle class."
About the Financial Resilience Index
ACLI's Financial Resilience Index, which is released quarterly, measures the middle-class' ability to manage life's challenges and plan for a stable future. The index tracks 26 different variables that represent typical cost pressures for middle-class households (like housing, gas and childcare) and the financial resources that are available to meet them (like income, access to credit and retirement assets). By tracking the direction and magnitude of cost pressures and resources, the index reflects how middle-class financial resilience changes over time, and what is driving improvement or decline.
About the Financial Resilience Survey
ACLI's Financial Resilience Survey is a nationally representative survey conducted by The Harris Poll on behalf of ACLI, as a complement to the Financial Resilience Index. The survey explores how middle-class respondents understand their own financial resilience by asking questions about economic mobility, financial stressors, financial stability, and safety nets. The quarterly survey consists of two questions about financial resilience, one recurring question that will be asked at the same time each year and one that will vary within the larger theme of middle-class financial health, stress, and resilience. Respondents of all household income levels respond to the survey, with reporting focused on middle-class respondents - those earning $50,000-$150,000 in annual household income.
ACLI's latest Financial Resilience Survey was conducted online within the United States by The Harris Poll on behalf of ACLI from December 5 - 9, 2024 among 2,092 adults ages 18 and older. The survey sample includes 1,057 respondents from middle-class households. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact ACLI.
For more information about both the index and the survey please visit: Financial Resilience Index (https://www.acli.com/news-and-analysis/financial-resilience-index).
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The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI's member companies are dedicated to protecting consumers' financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI's 275 member companies represent 93 percent of industry assets in the United States.
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Original text here: https://www.acli.com/posting/nr25-001
[Category: Insurance]
ABA Robert F. Drinan Award to Posthumously Honor Justice Champion Richard A. Soden
WASHINGTON, Jan. 23 -- The American Bar Association issued the following news release:
The American Bar Association Civil Rights and Social Justice Section will posthumously honor Richard A. Soden, the section's longtime leader, with its 2025 Father Robert F. Drinan Award for Distinguished Service in an online presentation from 5:30-7 p.m. EST on Thursday, Jan. 23.
Having served as the section's budget officer and a member of the section's governing council, Soden was committed to the mission of CRSJ and served to ensure it had sustainable funding.
"Richard's leadership exemplified remarkable
... Show Full Article
WASHINGTON, Jan. 23 -- The American Bar Association issued the following news release:
The American Bar Association Civil Rights and Social Justice Section will posthumously honor Richard A. Soden, the section's longtime leader, with its 2025 Father Robert F. Drinan Award for Distinguished Service in an online presentation from 5:30-7 p.m. EST on Thursday, Jan. 23.
Having served as the section's budget officer and a member of the section's governing council, Soden was committed to the mission of CRSJ and served to ensure it had sustainable funding.
"Richard's leadership exemplified remarkablemoral courage and unwavering dedication to advancing civil rights and social justice reforms while upholding the pillars of democracy," said Lacy Durham, CRSJ chair. "His advocacy has significantly shaped the legal landscape, embedding principles of fairness and equity within our systems."
Soden joined Goodwin Procter LLP as an associate in 1971 and was partner from 1979 until 2006, when he became of counsel to the firm. He was one of the first African Americans elected to partnership at a large Boston law firm.
Soden specialized in corporate and securities law. His practice included aspects of corporate finance, corporate governance and regulatory compliance.
A member of the ABA since 1971, Soden was active and committed to CRSJ throughout his legal career. Recently, he served as the section's budget officer and chair of its Fundraising and Development Council Committee. He also spearheaded the section's Giving Day campaigns for the last two years and was a longtime member of the fundraising committee for the annual Thurgood Marshall Award dinner.
Soden served as a member of the ABA Board of Governors. He also served on the board of the Center for Racial and Ethnic Diversity, the Presidential Advisory Council on Diversity in the Profession and the selection committee for the Legal Opportunity Scholarships.
In 2009, he received the ABA Spirit of Excellence Award, given in recognition of his three decades of work promoting diversity in the legal profession.
Soden served as president of the Boston Bar Association, Boston Bar Foundation and the Massachusetts Black Lawyers Association and as chair of the ABA Standing Committee on Bar Services and Activities and its Commission on Lawyer Assistance Programs. In addition, he served as chair of the Steering Committee of the Boston Lawyers' Committee for Civil Rights Under Law and was a member of the ABA House of Delegates and Board of Governors.
He received his bachelor's degree from Hamilton College and a J.D. from Boston University School of Law.
"Richard's legacy continues to inspire and guide future generations, embodying the essence of this esteemed recognition. We remain optimistic and confident that the impact of his work will empower others to sustain the same zeal for activism," Durham added.
To register for the virtual program, click here (https://americanbar.zoom.us/meeting/register/tJwrd-2tpzwvGNPnDMmlFemVMFatXR5reFfj#/registration).
The ABA Section of Civil Rights and Social Justice provides leadership within the legal profession in protecting and advancing human rights, civil liberties and social justice. Representing over 10,000 members with a wide range of professional interests, the section keeps its members abreast of complex civil rights and civil liberties issues and ensures that the protection of civil rights remains a focus of legal and policy discussion.
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Original text and links presented by source here: https://www.americanbar.org/news/abanews/aba-news-archives/2025/01/aba-drinan-award-richard-soden/
[Category: Law/Legal]
33 Industrial Clusters From 16 Countries Commit to Economic Growth, Jobs Creation and Emissions Cuts
PALO ALTO, California, Jan. 23 (TNSres) -- The Electric Power Research Institute issued the following news release:
Davos-Klosters, Switzerland, Jan. 22, 2025 - Thirteen leading industrial clusters from Australia, Brazil, Colombia, India, the Netherlands, Saudi Arabia, Sweden, Thailand, and the United Kingdom have recently joined the World Economic Forum's Transitioning Industrial Clusters initiative, developed in collaboration with Accenture and EPRI.
The Transitioning Industrial Clusters initiative, first launched at COP26 in 2021, now comprises 33 clusters in 16 countries and five continents,
... Show Full Article
PALO ALTO, California, Jan. 23 (TNSres) -- The Electric Power Research Institute issued the following news release:
Davos-Klosters, Switzerland, Jan. 22, 2025 - Thirteen leading industrial clusters from Australia, Brazil, Colombia, India, the Netherlands, Saudi Arabia, Sweden, Thailand, and the United Kingdom have recently joined the World Economic Forum's Transitioning Industrial Clusters initiative, developed in collaboration with Accenture and EPRI.
The Transitioning Industrial Clusters initiative, first launched at COP26 in 2021, now comprises 33 clusters in 16 countries and five continents,the largest coalition of co-located companies and public institutions pledging to reduce their greenhouse gas (GHG) emissions while boosting economic growth and job creation. The 33 signatories together represent potential carbon dioxide-equivalent emissions reductions of 832 million tonnes - approximately the annual emissions of Saudi Arabia. They also make a direct contribution of $492 billion to gross domestic product (GDP) and support 4.3 million jobs./*
In addition, a new report, published in collaboration with Accenture and EPRI, released today, highlights how industrial clusters - geographically concentrated areas or hubs where interconnected industries, companies, and institutions collaborate to drive economic growth - can advance the deployment of clean-energy infrastructure worldwide. It spotlights innovative and collaborative business models, within and across clusters, including those harnessing the power of digital technologies.
"Both actions at individual industrial clusters level and collaboration across regions can enable consistent new infrastructure deployment that will further enable emissions reduction and economic growth," said Roberto Bocca, head of the Centre for Energy and Materials, World Economic Forum. "Connecting industrial clusters across geographies and industries will accelerate the energy transition and foster a more resilient and sustainable global economy."
The addition of five new clusters from India, the fastest-growing major economy, one from Thailand's Saraburi province, the country's concrete production epicenter, and one from Australia highlight the initiative's commitment to driving progress in the Asia-Pacific region. The initiative is also strengthening its network of port-anchored clusters by adding Rotterdam, Europe's largest ports, and Gothenburg, through the Tranzero initiative, and the Solent Cluster; the Ports of Acu and the Cartagena Industrial Cluster, the first community members in South America; and the port-based Jubail Industrial City, the first members in Saudi Arabia.
The 13 new members are:
* Cartagena Industrial Cluster (Colombia): Connected to the largest port-based industrial zone, this industrial cluster is uniquely positioned to become a strategic hub for the production, storage, distribution, shipping, and use of clean hydrogen and low-carbon fuels.
* Gopalpur Industrial Park (India): Strategically located, the industrial park provides an exemplary ecosystem to attract investments from sectors leveraging cutting-edge technology, including green energy.
* Hunter Region (Australia): The Hunter region is a hub of innovation and industry diversification, fostering collaboration across sectors to support growth in the emerging energy economy. The Hunter region showcases new technologies and advances low-carbon strategies to drive sustainable economic development.
* Jubail Industrial City (Saudi Arabia): Since outlining a plan in 1975 for an industrial city, the Jubail cluster has developed holistically, allowing synergies between co-located industries to minimize their carbon footprint.
* Kakinada Cluster (India): Coordinated by AM Green, this port-anchored hub in Andhra Pradesh works to provide industrial decarbonization solutions, including green ammonia, hydrogen, and sustainable aviation fuel.
* Kerala Green Hydrogen Valley (India): This zone in Kerala is central to India's decarbonization efforts by scaling hydrogen-powered transport.
* Mundra Cluster (India): Located in Gujarat, the Mundra Cluster integrates green power initiatives with infrastructure to support large-scale industrial projects.
* Mumbai Green Hydrogen Cluster (India): This industrial hub in Maharashtra is accelerating the green hydrogen economy, linking industries with sustainable energy sources.
* Port of Acu Low Carbon Hub (Brazil): Leveraging Brazil's competitive advantage in renewable energy, biofuels, and the port's world-class infrastructure, the cluster's aim is to deliver comprehensive decarbonization solutions for a range of hard-to-abate sectors.
* Port of Rotterdam (Netherlands): As Europe's largest port and logistics hub and a leader in green hydrogen corridors, this industrial area is connecting renewable energy production to industries across Europe.
* Saraburi Sandbox (Thailand): Located in Saraburi Province, this model for a low-carbon city focuses on advancing clean energy solutions and circularity, reducing emissions from the heavy-emitting cement sector, and creating nature-positive ecosystems.
* The Solent Cluster (United Kingdom): Aiming to become a leading center for low-carbon investment, the Solent Cluster will grow the regional economy, protect skilled jobs, and create new employment opportunities for clean energy technologies and industries.
* Tranzero Initiative (Sweden): Focusing initially on Gothenburg, Scandinavia's largest port, Tranzero Energy takes a collaborative approach to accelerate the transition to fossil-free industries and transportation systems.
"Leading industrial clusters treat decarbonization as a destination that must be reached collectively - one that has the potential to drive business growth and industry reinvention," said Stephanie Jamison, global resources industry practice lead and global sustainability services lead at Accenture. "These industrial leaders are adopting digital technology to accelerate the deployment and optimization of net-zero infrastructure. They are harnessing the power of data and AI to provide intelligence for enterprise and ecosystem decision-making, predict emissions progress, and even facilitate new business models that would not have been possible previously."
"The shortest path to technology deployment is the one paved through collaborative innovation," added Neva Espinoza, EPRI senior vice president of Energy Supply and Low-Carbon Resources. "The addition of 13 industrial clusters to this global initiative reflects the vital importance of bringing all stakeholders together to deploy the advanced energy technologies, low-carbon fuels, and supporting infrastructure at the foundation of net-zero economies."
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Footnote:
*/ Impact key performance indicators represent CO2e emissions, jobs and GDP/economic data reported by a limited number of signatory clusters.
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About EPRI
Founded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable, and equitable access to electricity across the globe. Together...shaping the future of energy.(R)
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About Accenture
Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services--creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360 value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360 value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.
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About the Annual Meeting 2025
The World Economic Forum Annual Meeting 2025, taking place in Davos-Klosters, Switzerland, from 20 to 24 January, convenes global leaders under the theme Collaboration for the Intelligent Age. The meeting will foster new partnerships and insights to shape a more sustainable, inclusive future in an era of rapidly advancing technology, focusing on five key areas: Reimagining Growth, Industries in the Intelligent Age, Investing in People, Safeguarding the Planet, and Rebuilding Trust. Click here to learn more.
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REPORT: https://reports.weforum.org/docs/WEF_Unleashing_the_Potential_of_Industrial_Clusters_2025.pdf
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Original text here: https://www.epri.com/about/media-resources/press-release/v0tt9ZVywMWMGOp5DiDr2832HuXzIYqc
[Category: Energy]
