Federal Insurance Office data collection on climate-related risks

(a) In general Not later than 1 year after the date of the enactment of this Act, the Federal Insurance Office, in consultation with the National Association of Insurance Commissioners and State insurance commissioners, shall publish a report on the homeowners insurance underwriting data described in subsection (b) for calendar years 2023 and 2024 to assess climate-related risks across State insurance markets and how such risks could impact the financial stability of the United States. (b) Data described The data described in this subsection— (1) shall be disaggregated by zip code; (2) shall include granular data on premiums, policies, claims, losses, limits, deductibles, non-renewals, and cancellations, consistent with the information requested under the Federal Insurance Office Climate-Related Financial Risk Data Collection for U.S. Homeowners Multi-Peril Underwriting Data (88 Fed. Reg. 75380), as modified by the most recent National Association of Insurance Commissioners Property & Casualty Insurance Market Intelligence Data Call; and (3) shall be collected directly by the Federal Insurance Office from insurance companies, across all lines of business of such insurance company, pursuant to section 313 of title 31, United States Code. (c) Dissemination Upon request, the Federal Insurance Office shall provide to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representatives, or the State insurance commissioner with regulatory authority over an insurance company the report required under subsection (a), including the data described in subsection (b). (d) Form The Federal Insurance Office shall ensure that the report required under subsection (a) does not include any personally identifiable information. (e) Subsequent reports Not later than July 1, 2026, and annually thereafter, in accordance with the requirements of this section, the Federal Insurance Office shall make publicly available a report on the homeowners insurance underwriting data described in subsection (b) for the calendar year preceding the date of the report.