Climate-Friendly Insurers Act of 2026 aims to promote a stable insurance market by requiring insurers to align with science-based climate mitigation.

The Climate-Friendly Insurers Act of 2026 mandates that insurers in Hawaii align their underwriting and investment practices with science-based climate mitigation targets. This includes prohibiting insurers from underwriting or investing in new fossil fuel projects after July 1, 2026, and phasing out existing fossil fuel projects by July 1, 2028. Insurers must also report their investments and underwriting related to fossil fuel companies and projects, and certify their compliance with the Act. Failure to comply can result in penalties, including fines and potential license restrictions.

Climate-Friendly Insurers Act of 2026 aims to promote a stable insurance market by requiring insurers to align with science-based climate mitigation.

The Climate-Friendly Insurers Act of 2026 mandates that insurers in Hawaii align their underwriting and investment practices with science-based climate mitigation targets. This includes prohibiting insurers from underwriting or investing in new fossil fuel projects after July 1, 2026, and phasing out existing fossil fuel projects by July 1, 2028. Insurers must also report their investments and underwriting related to fossil fuel companies and projects, and certify their compliance with the Act. Failure to comply can result in penalties, including fines and potential license restrictions.