Senate Resolution
S.Res. 556
A resolution recognizing that Florida's insurance market is gravely stressed by climate risks.
Primary Sponsor
Sheldon Whitehouse
D - RI
Cosponsors
7
Quick Stats
Summary
This Senate resolution highlights Florida's insurance market crisis driven by climate risks. It notes home insurance premiums averaging $14,000 annually (up 34% since late 2022), that major insurers have left the state, and that the rating agency Demotech rates 98% of remaining insurers "A" or above despite their 30x higher insolvency rate. It calls for Treasury and Fannie Mae/Freddie Mac to examine these risks.
Latest Action
Referred to the Committee on Banking, Housing, and Urban Affairs.
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Vote Prediction
A resolution recognizing that Florida's insurance market is gravely stressed by climate risks.
This Senate resolution highlights Florida's insurance market crisis driven by climate risks. It notes home insurance premiums averaging $14,000 annually (up 34% since late 2022), that major insurers have left the state, and that the rating agency Demotech rate
Community Breakdown
Pass
0%
Fail
0%
0 predictions
This Senate resolution highlights Florida's insurance market crisis driven by climate risks. It notes home insurance premiums averaging $14,000 annually (up 34% since late 2022), that major insurers have left the state, and that the rating agency Demotech rates 98% of remaining insurers "A" or above despite their 30x higher insolvency rate. It calls for Treasury and Fannie Mae/Freddie Mac to examine these risks.
- Bill Number
- 556
- Introduced
- 12/17/2025
- Status
- Referred to the Committee on Banking, Housing, and Urban Affairs.
Data from Congress.gov
Fact Sheet
- Title
- A resolution recognizing that Florida's insurance market is gravely stressed by climate risks.
- Bill Number
- 556
- Sponsor
- No sponsor
- Status
- Referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced
- 12/17/2025
- Summary
- This Senate resolution highlights Florida's insurance market crisis driven by climate risks. It notes home insurance premiums averaging $14,000 annually (up 34% since late 2022), that major insurers have left the state, and that the rating agency Demotech rates 98% of remaining insurers "A" or above
Data from Congress.gov
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