Rhode Island H7752 creates a legal cause of action for individuals and insurers to recover losses from climate disasters caused by fossil fuel.
Rhode Island H7752 establishes a legal cause of action for individuals, businesses, and insurers to recover losses from climate disasters caused by fossil fuel companies. The bill imposes strict liability on companies that engaged in misleading or deceptive conduct regarding the climate impacts of their products. Recoveries will support insurer solvency and market stability, and be reflected in property and casualty rate filings.
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- Impact
- Legal Framework
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