California AB1236 establishes a grant program to expand insurance options for climate risks in vulnerable communities.

California AB1236 creates the Climate and Sustainability Insurance and Risk Reduction Grant Program. This program aims to develop proofs of concept for expanding insurance options, explore innovative approaches to insurance, test community-purchased insurance, and support projects incorporating nature-based solutions. The program targets geographic locations subject to extreme heat, wildfire risk, flooding, or biodiversity loss, and communities that are uninsured or underinsured. The article remains in effect until January 1, 2035.

California AB1236 establishes a grant program to expand insurance options for climate risks in vulnerable communities.

California AB1236 creates the Climate and Sustainability Insurance and Risk Reduction Grant Program. This program aims to develop proofs of concept for expanding insurance options, explore innovative approaches to insurance, test community-purchased insurance, and support projects incorporating nature-based solutions. The program targets geographic locations subject to extreme heat, wildfire risk, flooding, or biodiversity loss, and communities that are uninsured or underinsured. The article remains in effect until January 1, 2035.