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

This resolution recognizes the strong link between climate change and skyrocketing insurance premiums in the United States. It notes that insured losses from natural disasters exceed $100,000,000,000 annually, which is a huge increase from the year 2000. The text points out that insurance costs more than doubled between 2013 and 2022, and are growing much faster than inflation. It also highlights specific high average annual premiums in states like Florida, Louisiana, Oklahoma, Texas, Colorado, Alabama, Mississippi, and Nebraska. Finally, the resolution states that most lenders require borrowers to purchase insurance to get a mortgage, and concludes that the Senate recognizes climate change and natural disasters are driving up these costs and making housing less affordable.