PRIA Logo™
119-hr-4504119th CongressWALLET

INSURE Act

Sponsored By: Representative Kamlager-Dove, Sydney [D-CA-37]

Introduced

Summary

This bill would create a federal catastrophe reinsurance program that backs qualifying primary property insurers through a new Federal Catastrophe Reinsurance Fund and a phased-in all-perils coverage plan to lower insured losses from disasters.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Federal backstop for disaster insurance

This bill would set up a federal reinsurance fund within four years to backstop big property losses from disasters. Coverage would phase in by peril: wind and hurricane by January 1 of the year beginning four years after enactment; severe storms and wildfire by year five; flood by year six; and earthquake by year eight or sooner if a report is ready. Insurers that join would pay quarterly premiums based on expected average annual losses, administrative costs, and a trend factor. Increases outside quarterly adjustments would be capped at 7% a year, and premiums could not be below 50% of expected losses plus admin costs. The fund would start paying only after a per‑insurer, per‑peril threshold, set no higher than 40% of that insurer’s probable maximum loss. If the fund cannot pay, Treasury could issue U.S.-guaranteed notes and bonds to meet obligations. To join, insurers would need to offer all‑perils policies and a loss‑prevention partnership with policyholders.

Five-year property insurance price stability

This bill would create a pilot for property insurance policies that last at least five years and cover all perils. Insurers could raise premiums only for construction cost indexes, changes in home value, or optional coverages you choose. They could not raise premiums just because they change their disaster risk estimate for your property. Insurers could require maintenance and loss‑prevention upgrades to issue the policy. If you got funds for improvements and cancel early, you would have to repay a pro rata share. If you sell, a buyer could keep the policy only if the insurer agrees.

Sponsors & CoSponsors

Sponsor

Kamlager-Dove, Sydney [D-CA-37]

CA • D

Cosponsors

  • Rep. Sykes, Emilia Strong [D-OH-13]

    OH • D

    Sponsored 10/6/2026

  • Rep. Matsui, Doris O. [D-CA-7]

    CA • D

    Sponsored 7/17/2025

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 7/17/2025

  • Rep. Wasserman Schultz, Debbie [D-FL-25]

    FL • D

    Sponsored 7/17/2025

  • Rep. Tokuda, Jill N. [D-HI-2]

    HI • D

    Sponsored 10/3/2025

  • Rep. Lofgren, Zoe [D-CA-18]

    CA • D

    Sponsored 10/28/2025

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 1/15/2026

  • Rep. Levin, Mike [D-CA-49]

    CA • D

    Sponsored 9/1/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation