New Jersey legislation · 2026-2027 Regular Session
New Jersey S687: Jt. Blue Ribbon Task Force on Impacts of Climate Change on Prop. Insur-create
Status: Passed one chamber, October 29, 2026
Creates Joint Blue Ribbon Task Force on Impacts of Climate Change on Property Insurance.
What the bill says
An Act creating a task force on the impact of climate change on property insurance.
From the amended text, September 17, 2026:
An Act creating a task force on the impact of climate change on property insurance. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. The Legislature finds and declares: a. A changing climate presents the State with more frequent risks, such as sunny day flooding, heat waves, and more extreme risks, including wildfires, winds, storm surges, and compound flooding from intensive storms; b. Sea level rise is going to make some coastal communities not only uninsurable due to increasingly consistent flooding, but also uneconomic and unsafe for continued habitation; c. From 2018 to 2022, the rate at which insurers dropped homeowners property insurance policies in the State jumped 69.54 percent from 0.47 percent to 0.8 percent; d. Property owners want insurance that is affordable and available, and research has demonstrated that insured households have improved recoveries, but underpricing in high-risk areas can further drive insurers from the market, lead to low-quality coverage, and create perverse incentives for underinvestment in risk reduction; and e. It is both reasonable and necessary for the State to enable, facilitate, support, and safeguard the provision of high-quality, comprehensive property insurance to home and commercial property owners. 2. a. There is created in, but not of, the Department of Banking and Insurance, the Joint Blue Ribbon Task Force on …
Sponsors
- Bob Smith (D, 17) · primary sponsor
- John F. McKeon (D, 27) · primary sponsor
- Michael Venezia (D, 34) · primary sponsor
- Sterley S. Stanley (D, 18) · primary sponsor
- Roy Freiman (D, 16) · primary sponsor
- William B. Sampson, IV (D, 31)
- Clinton Calabrese (D, 36)
Latest actions
- : PA (55-22-2)
- : MOTION To Table (Greenwald) (43-24-0)
- : MOTION To Aa (Kanitra)
- : SUB FOR A4560 (1R)
- : REP/ACA 2RA
- : R/A REF AEN
- : PS (36-2)
- : REP 2RS
- : INT 1RS REF SEN
Votes
- MOTION To Table (Greenwald) (43-25-0) (October 29, 2026): 43 yea, 25 nay, passed
- MOTION TAB MOTION - Jt. Blue Ribbon Task Force on Impacts of Climate Change on Prop. Insur-create (October 29, 2026): 43 yea, 24 nay, passed
- 3RDG FINAL PASSAGE - Jt. Blue Ribbon Task Force on Impacts of Climate Change on Prop. Insur-create (October 29, 2026): 55 yea, 22 nay, passed
- Assembly Environment and Solid Waste Committee: Reported with committee amendments (Aca) (September 17, 2026): 3 yea, 0 nay, passed
- 3RDG FINAL PASSAGE - Jt. Blue Ribbon Task Force on Impacts of Climate Change on Prop. Insur-create (February 24, 2026): 36 yea, 2 nay, passed
- Senate Environment and Energy Committee: Reported favorably (February 12, 2026): 5 yea, 0 nay, passed
Subjects: PROPERTY, INSURANCE
Common questions
- What is S687?
- S687 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Jt. Blue Ribbon Task Force on Impacts of Climate Change on Prop. Insur-create.
- What does S687 do?
- In its own words: An Act creating a task force on the impact of climate change on property insurance.
- What is the status of S687?
- Passed one chamber as of October 29, 2026. Latest action: PA (55-22-2) (October 29, 2026).
- Who sponsored S687?
- Bob Smith (D, 17), with 6 co-sponsors.
- Where is the official record for S687?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S687
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.