Democratic lawmakers are urging the National Association of Insurance Commissioners to provide an update on measures being taken to address the insurance industry’s increased vulnerability to climate change. Led by Rep. Sean Casten (D-Ill.), the lawmakers expressed concerns about rising insurance costs and limited availability of coverage for homeowners, citing significant rate increases and policy exclusions from major insurers. They highlighted that these trends are linked to growing financial losses attributed to climate-related disasters. This request for information emphasizes the urgency of stabilizing property insurance as communities face the escalating impacts of climate change.
