URGING THE CONGRESS OF THE UNITED STATES TO ENACT A NATIONAL REINSURANCE PROGRAM TO ADDRESS THE MULTI-STATE INSURANCE CRISIS RESULTING FROM CATASTROPHIC NATURAL DISASTERS.

SCR 57 is a Hawaii Senate resolution urging Congress to create a national reinsurance program to address insurance shortages in disaster-prone areas. It directly affects homeowners, businesses, and agricultural producers struggling with unaffordable or unavailable coverage due to climate-driven disasters like hurricanes and wildfires. The resolution proposes a federal reinsurance backstop that would cover extreme catastrophic losses only (after private insurers pay initial claims), operate on a state opt-in basis, and include safeguards to protect taxpayers. It also requests Congress provide incentives like premium discounts for disaster-resistant building to reduce long-term costs. This is a non-binding request to Congress, not a law.