HR 6944
INSURE Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The INSURE Act aims to strengthen the nation’s property insurance market by establishing a catastrophic property loss reinsurance program. This program would provide financial protection to insurance companies against large losses from disasters like floods, hurricanes, and wildfires, encouraging them to offer all-perils insurance policies. The bill also includes provisions to phase out the National Flood Insurance Program, incentivize loss reduction investments, and explore solutions for relocating properties impacted by uninsurable risks, including earthquakes.
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Primary sponsor
Cosponsors
Anna G. Eshoo
Barbara Lee
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