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 convene a working group to identify options and mechanisms to protect the state and its residents against the effects of climate change on insurance. The working group will assess insurance exposure to extreme weather events, identify existing recovery mechanisms, and analyze legal means to seek recovery from responsible parties, including fossil fuel companies. The group will submit a report to the Legislature before the 2027 session and will be dissolved on June 30, 2027.

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 convene a working group to identify options and mechanisms to protect the state and its residents against the effects of climate change on insurance. The working group will assess insurance exposure to extreme weather events, identify existing recovery mechanisms, and analyze legal means to seek recovery from responsible parties, including fossil fuel companies. The group will submit a report to the Legislature before the 2027 session and will be dissolved on June 30, 2027.