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Committee approves pilot program bill to broaden insurance tools for climate resilience
Summary
AB 12 36 would establish a Climate and Sustainability Insurance and Risk Reduction Grant Program at the Department of Insurance to pilot insurance approaches that increase coverage and resilience in high‑risk, low‑uptake communities. The committee referred the bill to Appropriations on a unanimous recorded vote.
Assemblymember Celeste Rodriguez’s AB 12 36 received committee approval and was referred to the Appropriations Committee after sponsors and the Department of Insurance described the bill as a pilot program to expand insurance options and resilience measures in communities vulnerable to heat, wildfire, flooding and sea‑level rise.
The measure would create a Climate and Sustainability Insurance and Risk Reduction Grant Program at the Department of Insurance to fund pilot projects that test innovative insurance…
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