AN ACT RELATING TO INSURANCE -- RHODE ISLAND INSURANCE MARKET PROTECTION ACT

Summary

The bill adds a new chapter to the state insurance code that applies to insurers writing more than $10 million in property and casualty premiums. Those insurers must measure and report the greenhouse‑gas emissions tied to their investment portfolios and underwriting, and align those activities with science‑based climate targets. The goal is to keep homeowners' insurance affordable and reduce the state's support for fossil‑fuel projects.

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