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

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 554 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
S. RES. 554

  Recognizing the strong link between climate change and skyrocketing 
                          insurance premiums.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 17, 2025

 Mr. Whitehouse (for himself, Mr. Merkley, Mr. Schatz, Mr. Markey, Mr. 
 Van Hollen, Ms. Duckworth, Ms. Smith, Mr. Padilla, Mr. Welch, and Ms. 
Blunt Rochester) submitted the following resolution; which was referred 
        to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                               RESOLUTION


 
  Recognizing the strong link between climate change and skyrocketing 
                          insurance premiums.

Whereas, at the time of the introduction of this resolution, insured losses from 
        natural disasters in the United States exceed $100,000,000,000 annually, 
        up from $8,400,000,000 in 2000, an increase of 1000 percent;
Whereas, from 2013 to 2022, insurance costs more than doubled, and by 2022, 
        these costs accounted for more than 20 percent of mortgage payments;
Whereas insurance premiums have increased 40 percent faster than inflation;
Whereas premiums are projected to increase another 8 percent in 2025, reaching a 
        national average of more than $3,500 annually;
Whereas annual premiums in 2024 averaged more than $14,000 in Florida, almost 
        $11,000 in Louisiana, almost $8,000 in Oklahoma, $6,000 in Texas and 
        Colorado, and around $5,000 in Alabama, Mississippi, and Nebraska; and
Whereas most lenders will not approve a mortgage unless the borrower also 
        purchases insurance: Now, therefore, be it
    Resolved, That the Senate recognizes that climate change and the 
increased risk in frequency and intensity of natural disasters are 
driving up insurance costs for home owners in the United States, and 
that a failure to address climate change will make housing even more 
unaffordable.
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