Climate Change, Homeowner's Insurance, and Emergency Management - Study

HB 1219 requires the University System of Maryland to study how climate change affects homeowner insurance availability and costs, alongside emergency preparedness. The study must examine climate impacts on insurance markets, federal disaster funding policies, and local disaster recovery resources. It will coordinate with state agencies (like the Insurance Administration and Emergency Management) and local emergency managers. The University must submit findings and recommendations - including potential tax credits, insurance rate adjustments, and funding strategies - by January 1, 2027. This is a research effort only, not a policy change.