AB 1236
Insurance: Climate and Sustainability Insurance and Risk Reduction Grant Program.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates the Climate and Sustainability Insurance and Risk Reduction Grant Program, which will be funded by the state legislature. The program aims to expand insurance options, particularly for vulnerable communities, and to test community-purchased insurance to lower costs. It will also support projects that incorporate nature-based solutions to reduce climate risks and build resilience against disasters like wildfires and floods. The program’s effectiveness will be regularly evaluated and reported to the legislature.
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