Creates Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates a task force to examine the impact of climate change on property insurance in New Jersey. The task force will investigate issues like rising insurance rates, increasing uninsurability in coastal areas, and the potential for government subsidies to encourage risky development. It aims to assess how the state, federal programs, and the insurance industry contribute to these challenges and to recommend solutions for ensuring affordable and accessible property insurance.
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