Senate Budget Committee Hearing to Address Climate Change’s Impact on Insurance Markets and Ongoing Investigations

The Senate Budget Committee’s 20th hearing will focus on climate change’s effects on insurance markets. The meeting, titled “Riskier Business: How Climate Is Already Challenging Insurance Markets,” could also provide new fodder for three committee investigations into insurance companies’ struggles in areas vulnerable to extreme weather events. The subject of one inquiry is Citizens Property Insurance, Florida’s state-run insurance provider. The hearing could also be a chance for Budget Chair Sheldon Whitehouse to share new findings from the ongoing probes.