A resolution recognizing that Florida's insurance market is gravely stressed by climate risks.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. Res. 556 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. RES. 556 Recognizing that Florida's insurance market is gravely stressed by climate risks. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 17, 2025 Mr. Whitehouse (for himself, Mr. Merkley, Mr. Markey, Mr. Van Hollen, Ms. Duckworth, Mr. Padilla, Mr. Welch, and Ms. Blunt Rochester) submitted the following resolution; which was referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ RESOLUTION Recognizing that Florida's insurance market is gravely stressed by climate risks. Whereas, as reported by Columbia Business School, because climate change is a ``major risk'' in Florida, many home insurers are at a high risk of insolvency; Whereas, following catastrophic hurricane losses, major insurers left the Florida market entirely, leaving small, local, and less stable insurers behind, many of which have already gone insolvent; Whereas only mortgages protected by home insurance from…