A resolution recognizing the strong link between climate change and skyrocketing insurance premiums.
Term Dictionary
If you come across any unfamiliar words while reading, these resources can help make everything clearer. Pick whichever one works best for you!
- Congress.gov Legislative Glossary - Comprehensive congressional terms
- NVFC Congressional Terms Glossary - Concise, easy-to-understand definitions
The gist
Non-binding Senate resolution declaring that climate change is driving up home insurance premiums and making housing unaffordable across the United States.
Who wins, who loses
- Wins: climate advocates, homeowners in disaster-prone states like Florida and Louisiana, housing affordability groups.
- Loses: no one materially; symbolic only. Fossil fuel industry and climate skeptics face rhetorical pushback.
What it does
- Resolution only — changes no law, creates no programs, authorizes no funding.
- Cites insured disaster losses jumping from $8.4 billion in 2000 to over $100 billion annually.
- Notes premiums rose 40% faster than inflation and now exceed 20% of mortgage payments.
- Connects mortgage requirements to the affordability crisis since lenders require insurance.
Why should I care?
Supporters say ignoring climate change locks young people out of future homeownership as premiums explode. Critics argue insurance costs reflect bad zoning, lawsuit abuse, and reinsurance markets — not just climate — and that symbolic resolutions accomplish nothing. An alternative being debated: federal disaster insurance backstops or stricter building codes. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.