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NJ S687
Bill
Status
Engrossed
2/24/2026
Primary Sponsor
Robert Smith
Click for details
AI Summary
- Creates a 17-member Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance within the Department of Banking and Insurance
- Task force members include three state commissioners (or designees), four legislators (two from each chamber, bipartisan), five private sector representatives, three nonprofit representatives, and two academic experts in climate change and insurance
- Requires analysis of how insurance pricing reflects property risk, which communities may become uninsurable within 50 years due to flooding or disasters, and impacts on affordable housing inventory
- Must examine potential displacement and segregation effects on low and moderate income communities, as well as impacts on real estate values from insurance availability changes
- Task force must submit findings and recommendations to the Governor and Legislature within one year of member appointments, after which it dissolves
Legislative Description
Creates Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance.
Environment and Solid Waste
Last Action
Received in the Assembly, Referred to Assembly Environment and Solid Waste Committee
2/24/2026
Committee Referrals
Environment and Solid Waste2/24/2026
Environment and Energy1/13/2026
Full Bill Text
No bill text available