,,iii  #aai? ,,congress  #a/ ,session   
,s4 ,,res4 #eef  ,,9 ,,! ,,s5ate ,,( ,,!
 ,,unit$ ,,/ates  ,decemb] #ag1         
#bjbe,mr4 ,:iteh\se 7= himself1 ,mr4    
,m]kley1 ,mr4 ,m>key1 ,mr4 ,van ,holl51 
,ms4 ,duckwor?1 ,mr4 ,padilla1 ,mr4     
,wel*1 & ,ms4 ,blunt ,ro*e/]7 submitt$ !
 foll[+ resolution2 :i* 0 ref]r$ to !   
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,,resolution  ,recogniz+ t    
,florida's insurance m>ket is gravely   
/ress$ by climate risks4  ,:]eas1 z     
report$ by ,columbia ,bus9ess ,s*ool1   
because climate *ange is a major risk 9 
,florida1 _m home insur]s are at a high 
risk ( insolv5cy2 ,:]eas1 foll[+        
cata/rophic hurricane losses1 major     
insur]s left ! ,florida m>ket entirely1 
leav+ small1 local1 & less /able insur]s
 beh9d1 _m ( :i* h already gone         
insolv5t2 ,:]eas only mortgages protect$
 by home insurance f insur]s ) a high   
f9ancial /r5g? rat+ are eligible = !    
gov]nm5t mortgage-back$ security        
program1 :i* ma9ta9s liquidity 9 !      

mortgage m>ket1 & z a result ( ?is1 !   
,unit$ ,/ates h\s+ m>ket increas+ly     
dep5ds on ! cr$ibility ( ^! rat+s2      
,:]eas an insurance rat+ ag5cy call$    
,demote* has become increas+ly utiliz$  
by small] home insur]s 9 ,florida2      
,:]eas ,demote* rates #ih p]c5t (       
insur]s ,a or above2 ,:]eas insur]s rat$
 by ,demote* are #cj times z likely to  
become insolv5t z ^? grad$ by rival rat+
 companies2 ,:]eas1 ev5 :5 ,florida     
home[n]s are able to f9d a /able insur]1
 !y are /ill =c$ to pay increas+ly high 
home insurance premiums1 n[ av]ag+      
#ad1jjj annually2 ,:]eas ! ,florida     
,(fice ( ,insurance ,regulation reports 
t home insurance rates 9 ,florida h ris5
 #cd p]c5t s9ce late #bjbb2 ,:]eas      
,florida ,/ate law all[s ,citiz5s       
,prop]ty ,insurance1 ! ,/ate-back$      
insur] ( la/ resort1 to levy a sur*>ge  
on all policyhold]s to rec\p losses if  
its res]ves fall %ort1 levies t may be  
uncollectable 9 real life2 & ,:]eas !re 
are cr$ible sc5>ios 9 :i* ! losses (    

,citiz5s ,prop]ty ,insurance exce$ its  
ability to pay claims3 ,n[1 !re=e1 be x 
,t ! ,s5ate calls on ,fannie ,mae &     
,fr$die ,mac to scrut9ize ,demote*'s    
rat+ practices & calls on ! ,treasury   
,dep>tm5t's insurance (fice to exam9e ! 
probability t ,/ate-back$ insur]s ( la/ 
resort1 includ+ ,florida's1 ask = a     
,f$]al bail\t4