Urges the Insurance Division to convene a working group to address climate change impacts on insurance availability and affordability.
The bill urges the Insurance Division of the Department of Commerce and Consumer Affairs to form a working group. The group will assess insurance exposure to climate change-related disasters, identify legal means to seek recovery from responsible parties, and recommend solutions to the Legislature by 2027. The group will include the Insurance Commissioner, policyholders, residents, and other relevant stakeholders.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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