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

SB 739 requires the University System of Maryland to study how climate change affects homeowner insurance availability and costs, along with emergency management preparedness. The study must evaluate climate impacts on insurance markets, federal disaster funding, local recovery resources, and federal programs like the National Flood Insurance Program. It mandates coordination with state agencies (including the Insurance Administration and Emergency Management) and appointed officials, with findings due to the legislature by January 1, 2027. The report must include recommendations on incentives for home resilience improvements (like tax credits or grants) and potential changes to insurance rate adjustments for climate-resilient properties. This is a procedural study bill with no immediate policy changes.