Rhode Island H8219 regulates property insurers to limit underwriting and investment in fossil fuel projects, requires climate risk reporting and.

Rhode Island H8219 mandates that property insurers limit underwriting and investment in fossil fuel projects, require climate risk reporting and emissions disclosures, and align their practices with science-based climate targets. The bill defines "covered insurers" as those with significant property and casualty premiums in Rhode Island or those exposed to heightened climate risk. It prohibits underwriting new fossil fuel projects after July 1, 2026, and requires phasing out existing fossil fuel underwriting by January 1, 2035.

Rhode Island H8219 regulates property insurers to limit underwriting and investment in fossil fuel projects, requires climate risk reporting and.

Rhode Island H8219 mandates that property insurers limit underwriting and investment in fossil fuel projects, require climate risk reporting and emissions disclosures, and align their practices with science-based climate targets. The bill defines "covered insurers" as those with significant property and casualty premiums in Rhode Island or those exposed to heightened climate risk. It prohibits underwriting new fossil fuel projects after July 1, 2026, and requires phasing out existing fossil fuel underwriting by January 1, 2035.