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Climate Change Drives Up Home Insurance Costs, Threatening Housing Affordability.

This Senate Resolution formally acknowledges that the increasing frequency and intensity of natural disasters, linked to climate change, are drastically raising home insurance premiums for US homeowners. These rising costs, which have more than doubled in a decade and outpace inflation, significantly increase mortgage burdens and threaten housing affordability. The resolution warns that failing to address climate change will exacerbate the financial strain on property owners.
Key points
Home insurance costs have more than doubled in the last decade (2013-2022) and are rising 40% faster than general inflation.
The Senate recognizes that climate change is the primary factor driving these premium increases, making homeownership less affordable.
Annual insured losses from natural disasters now exceed $100 billion, directly contributing to higher premiums nationwide.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_SRES_554
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A resolution recognizing the strong link between climate change and skyrocketing insurance premiums.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_SRES_554.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What are the main provisions?

Key points include:

  • Home insurance costs have more than doubled in the last decade (2013-2022) and are rising 40% faster than general inflation.
  • The Senate recognizes that climate change is the primary factor driving these premium increases, making homeownership less affordable.
  • Annual insured losses from natural disasters now exceed $100 billion, directly contributing to higher premiums nationwide.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Real Estate Environment Economy