Establishes the Insure Our Communities Act to implement climate leadership and community protection act targets for insurers.
The Insure Our Communities Act establishes climate leadership and community protection act targets for insurers. It identifies and protects communities, relates to the affordability of insurance rates, and assesses covered insurance companies' record of performance at meeting insurance needs. The Act requires covered insurance companies to file statistical reports, including information on insurance coverage in specific assessment areas and disadvantaged communities. It also mandates that insurers divest from fossil fuel projects and prohibits underwriting for new fossil fuel projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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