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.

Introduced12/17/2025

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

ChamberSenate

Data from Congress.gov

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Vote Prediction

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

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

Community Breakdown

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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.

Bill Number: 554
Introduced: 12/17/2025
Status: Referred to the Committee on Banking, Housing, and Urban Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A resolution recognizing the strong link between climate change and skyrocketing insurance premiums.
Bill Number: 554
Sponsor: No sponsor
Status: Referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced: 12/17/2025
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

Data from Congress.gov

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

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