Creates Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance.
Reported out of Assembly Comm. with Amendments, 2nd Reading
Summary
The bill sets up a joint Blue Ribbon Task Force, housed in the Department of Banking and Insurance, to examine how climate change is affecting homeowners and commercial property insurance. The group will analyze risks, pricing, affordability and community impacts, then deliver a report with recommendations within a year. The goal is to help the state keep insurance available and affordable as climate risks grow.
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