New JerseyNew Jersey would create a climate and property insurance task force
A new task force would examine climate risks, costs, and coverage for New Jersey property insurance and recommend ways to address gaps in laws or practices.
What it does
A 17-member task force would study climate risks to New Jersey home and business property insurance and report findings and policy recommendations within one year after all members are appointed.
Argument forStudying future insurance risks could help state leaders identify where homeowners and businesses may lose access to reasonably priced coverage.
Argument againstRequiring three state departments to support the study could draw staff time away from their other work.
More detail
New Jersey would create a 17-member task force on climate change and property insurance. It would study current and future risks to home and commercial property insurance, including costs and coverage. State agencies would provide staff support. The law would take effect immediately upon enactment. The group would report to the Governor and Legislature within one year after all members are appointed, then end.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 29Passed by the Assembly (55-22-2)Passed 2nd Chamber
- Vote recorded 3RDG FINAL PASSAGE. Result: pass.Lower
- Vote recorded MOTION TAB MOTION. Result: pass.Lower
- Oct 29Motion To Table (Greenwald) (43-24-0)
- Oct 29Motion To Aa (Kanitra)
- Oct 29Substituted for A4560 (1R)
- Sep 17Reported out of Assembly Comm. with Amendments, 2nd ReadingMinor
- Vote recorded Reported out of Assembly committee with amendments. Result: pass.Lower
- Feb 24Received in the Assembly, Referred to Assembly Environment and Solid Waste CommitteeMinor
- Vote recorded 3RDG FINAL PASSAGE. Result: pass.Upper
- Feb 24Passed by the Senate (36-2)Passed 1st Chamber
- Feb 12Reported from Senate Committee, 2nd ReadingMinor
- Vote recorded Reported favorably out of committee. Result: pass.Upper
- Jan 13Introduced in the Senate, Referred to Senate Environment and Energy CommitteeIntroduced
- Oct 29Passed by the Assembly (55-22-2)Passed 2nd Chamber
Environment & EnergyConsumer ProtectionGovernment & Ethics