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

Senate Resolution

S.Res. 554

119th Congress

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

In Committee

Introduced:Dec 17, 2025

Primary Sponsor

Sheldon Whitehouse

D - RI

Cosponsors

10

Quick Stats

Summary

This Senate resolution formally recognizes the link between climate change and skyrocketing insurance premiums. It notes that insured losses from natural disasters exceed $100 billion annually (up from $8.4 billion in 2000—a 1,000% increase) and that insurance premiums have increased 40% faster than inflation, making housing less affordable.

Latest Action

Referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

This Senate resolution formally recognizes the link between climate change and skyrocketing insurance premiums. It notes that insured losses from natural disasters exceed $100 billion annually (up from $8.4 billion in 2000—a 1,000% increase) and that insurance premiums have increased 40% faster than inflation, making housing less affordable.

Last updated: 12/26/2025

Key Points

Main provisions of the bill

Annual natural disaster insured losses: $100B+ (vs $8.4B in 2000, a 1000% increase)
Insurance costs doubled 2013-2022, now over 20% of mortgage payments
Premiums increasing 8% in 2025, reaching $3,500 national average
Florida premiums average $14,000; Louisiana $11,000; Oklahoma $8,000 annually
Premiums have risen 40% faster than overall inflation
Most lenders require insurance, affecting mortgage accessibility

How This Impacts Americans

Potential effects on citizens and communities

This resolution directly affects homeowners in high-risk states (Florida, Louisiana, Texas, Oklahoma, California), the insurance industry, mortgage lenders, and housing affordability advocates. Homebuyers in disaster-prone areas face increasing barriers to homeownership. The resolution signals to insurance regulators, FEMA, and state insurance commissioners that Congress recognizes the climate-insurance connection. It could influence discussions about federal reinsurance, state-run insurance pools, and climate adaptation funding.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

554, 119th Congress (2025). "A resolution recognizing the strong link between climate change and skyrocketing insurance premiums.". Source: Voter's Right Platform. https://votersright.org/bills/119-sres-554