Maine legislation · 132nd Legislature
Maine LD1674: An Act to Require Insurers to Address Climate Risk in Their Business Activities
Status: Failed, May 28, 2025
What the bill says
An Act to Require Insurers to Address Climate Risk in Their Business Activities Reference to the Committee on Health Coverage, Insurance and Financial Services suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WARREN of Scarborough. Cosponsored by Senator GROHOSKI of Hancock and Representatives: BECK of South Portland, FRIEDMANN of Bar Harbor, OSHER of Orono. Printed on recycled paper.
From the engrossed text:
An Act to Require Insurers to Address Climate Risk in Their Business Activities Reference to the Committee on Health Coverage, Insurance and Financial Services suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WARREN of Scarborough. Cosponsored by Senator GROHOSKI of Hancock and Representatives: BECK of South Portland, FRIEDMANN of Bar Harbor, OSHER of Orono. Printed on recycled paper Be it enacted by the People of the State of Maine as follows: Sec. 1. 24-A MRSA c. 101 is enacted to read: CHAPTER INSURING OUR COMMUNITIES ACT §7801. Short title This Act may be known and cited as "the Insuring Our Communities Act." §7802. Definitions As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings. 1. New fossil fuel project. "New fossil fuel project" means a project designed to facilitate the production of fossil fuels in excess of what is in development as of September 15, 2025, including production of new coal infrastructure, power plants or mines. "New fossil fuel project" includes projects that support exploring new oil and gas fields or otherwise expanding oil and gas reserves; examples of such projects include, but are not limited to, the construction of new wells, pipelines, terminals or gas power plants. 2. Precautionary principle. "Precautionary principle" means an approach taken to regulation that …
Sponsors
- Sophia Warren (D, 124) · primary sponsor
- Matthew Beck (D, 122)
- Gary Friedmann (D, 14)
- Nicole Grohoski (D, 7)
- Laurie Osher (D, 25)
Latest actions
- : Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
- : The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES in concurrence
- : Committee on Health Coverage, Insurance and Financial Services suggested and ordered printed. The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.Sent for concurrence. ORDERED SENT FORTHWITH.
Subjects: INSURANCE PRACTICES, Legislature, Senate, INSURANCE PRODUCERS, Other, INVESTMENTS AND UNDERWRITING
Common questions
- What is LD1674?
- LD1674 is a bill in the Maine Legislature (132nd Legislature): An Act to Require Insurers to Address Climate Risk in Their Business Activities.
- What does LD1674 do?
- In its own words: An Act to Require Insurers to Address Climate Risk in Their Business Activities Reference to the Committee on Health Coverage, Insurance and Financial Services suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative WARREN of Scarborough. Cosponsored by Senator GROHOSKI of Hancock and Representatives: BECK of South Portland, FRIEDMANN of Bar Harbor, OSHER of Orono. Printed on recycled paper.
- What is the status of LD1674?
- Failed as of May 28, 2025. Latest action: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (May 28, 2025).
- Who sponsored LD1674?
- Sophia Warren (D, 124), with 4 co-sponsors.
- Where is the official record for LD1674?
- On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1674&snum=132
Source: official Maine record. Tracked by Delilah, AI for legislation across all 50 states and Congress.