A 3842 New York Assembly · 2025 Regular Session

Establishes the insure our communities act

Summary

Establishes the insure our communities act to implement climate leadership and community protection act targets for insurers; identifies and protects such communities; relates to affordability of insurance rates; assesses covered insurance companies' record of performance at meeting insurance needs; requires covered insurance companies to file statistical reports, including information on insurance coverage in specific assessment areas and disadvantaged communities.

Issues: ✓ Environment

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 30, 2025 Last action Jan 7, 2026

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What changed between versions

A3842 → A3842A · 5 edits

MODERATE

The bill was renamed from the 'Insuring Our Future Act' to the 'Insure Our Communities Act' to shift the focus from climate change to addressing an affordable housing crisis. The scope was expanded to include the Banking Law, and the text now explicitly links insurance availability to racial disparities in housing insecurity and the need for affordable rental housing. While the original climate-focused definitions were removed, the new text mandates a comprehensive database to collect data on insurance availability broken down by race, ethnicity, and income to combat discriminatory practices.

Scope change

The bill's scope expanded from solely the Insurance and Financial Services laws to include the Banking Law, and the legislative findings now explicitly address racial disparities in housing insecurity and affordable rental housing needs.

SCOPE

Added the Banking Law to the list of laws being amended to address community credit needs.

DEFINITION

Removed the detailed definition of 'New fossil fuel project' and climate-specific underwriting requirements.

REQUIREMENT

Added legislative findings stating that insurance is critical for securing affordable rental housing and that current rates disproportionately affect Black, Hispanic, and Asian households.

Mandated the creation of a statewide database to collect insurance data broken down by race, ethnicity, gender, and income to identify and remedy discriminatory practices.

TITLE

Changed the short title from 'Insuring Our Future Act' to 'Insure Our Communities Act'.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO INSURANCE

lower

Mar 6, 2025

Lower · Passed

PRINT NUMBER 3842A

lower

Mar 6, 2025

Lower · Passed

AMEND (T) AND RECOMMIT TO INSURANCE

lower

Jan 30, 2025

Committee

REFERRED TO INSURANCE

lower

1 primary · 16 co-sponsors