Establishes a task force to study climate change's impact on property insurance.
Establishes a Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance to analyze the effects of climate change on residential and commercial property insurance. The task force will evaluate issues such as the affordability and availability of insurance, the impact on real estate values, and the role of insurance in incentivizing climate resilience. The task force will submit a report to the Governor and the Legislature within one year of its formation. The task force will include members from various sectors, including government, private industry, and academia.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.