Establishes a Joint Blue Ribbon Task Force to assess climate change impacts on property insurance.
The bill creates a Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance. The task force will analyze how climate change affects residential and commercial property insurance, including affordability and availability issues. It will also study how state and federal programs, like the National Flood Insurance Program, may be contributing to risky decisions. The task force will include representatives from various sectors, including government, private industry, and nonprofits.
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