Establishes a pilot program for community-based catastrophe insurance grants to support design, development, and implementation.

The bill directs the Secretary of Homeland Security, through the Federal Emergency Management Agency, to establish a pilot program awarding grants to covered entities for community-based catastrophe insurance. These entities can include states, tribal governments, Native Hawaiian organizations, Alaska Native Corporations, and community-based nonprofits. The grants support activities like consumer research, consumer outreach, and designing insurance products. The program aims to supplement traditional property insurance, promote risk reduction, and ensure compliance with state insurance laws.

Establishes a pilot program for community-based catastrophe insurance grants to support design, development, and implementation.

The bill directs the Secretary of Homeland Security, through the Federal Emergency Management Agency, to establish a pilot program awarding grants to covered entities for community-based catastrophe insurance. These entities can include states, tribal governments, Native Hawaiian organizations, Alaska Native Corporations, and community-based nonprofits. The grants support activities like consumer research, consumer outreach, and designing insurance products. The program aims to supplement traditional property insurance, promote risk reduction, and ensure compliance with state insurance laws.