MD SB739

University System of Maryland must conduct a study evaluating the relationship between climate change, homeowner's insurance availability and pricing, and emergency/disaster preparedness

Study oversight includes legislators appointed by Senate President and House Speaker, plus representatives from Natural Resources, Environment, Emergency Management, Insurance Administration, and county/municipal emergency managers

Study must assess climate change impacts on insurance markets, federal policy and funding changes for disaster management, and existing local disaster recovery resources

Report due to General Assembly by January 1, 2027, must include overview of National Flood Insurance Program and private flood insurance market

Recommendations must address incentives for home resilience improvements (tax credits, grants, loans), insurance rate adjustments for resilient properties, and dedicated emergency management funding mechanisms

Effective date: June 1, 2026