SB00453 • 2026

AN ACT CONCERNING A CLIMATE CHANGE RELATED SURCHARGE ON CERTAIN INSURANCE POLICIES.

Energy

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Environment Committee
Last action: 2026-04-20
Official status: Favorable Report, Tabled for the Calendar, Senate
Effective date: Not listed

Plain English Breakdown

The official source material does not specify detailed allocation beyond disseminating flood risk data, establishing public awareness efforts, and providing grants for climate-resilient infrastructure.

Climate Change Surcharge on Certain Insurance Policies

This act requires insurance companies to add a five percent surcharge for certain fossil fuel-related facilities and deposit the money into a climate resilience fund.

What This Bill Does

Adds a five percent surcharge on property or casualty insurance policies for fossil fuel infrastructure in Connecticut, starting January 1, 2027.
Requires insurance companies to send the collected surcharges to the Insurance Commissioner.
Establishes a new climate resilience account where the surcharges will be deposited.

Who It Names or Affects

Insurance companies issuing or renewing policies for fossil fuel-related facilities.

Terms To Know

Surcharge: An extra fee added to an insurance policy.
Fossil fuel infrastructure: Buildings, equipment, and facilities used for processing, exporting, or transporting oil, methane gas, coal, and related activities.

Limits and Unknowns

The bill does not specify how the funds will be allocated beyond flood risk data dissemination and public awareness efforts.
It is unclear what happens if insurance companies do not comply with the surcharge requirement.

Bill History

2026-04-20 LCO
Filed with Legislative Commissioners' Office
2026-04-20 LCO
Reported Out of Legislative Commissioners' Office
2026-04-20 Connecticut General Assembly
No New File by Committee on Appropriations
2026-04-20 Connecticut General Assembly
Favorable Report, Tabled for the Calendar, Senate
2026-04-17 APP
Joint Favorable
2026-04-15 Connecticut General Assembly
Referred by Senate to Committee on Appropriations
2026-04-15 Connecticut General Assembly
Immediate Transmittal
2026-04-07 LCO
Reported Out of Legislative Commissioners' Office
2026-04-07 Connecticut General Assembly
Favorable Report, Tabled for the Calendar, Senate
2026-04-07 Connecticut General Assembly
Senate Calendar Number 289
2026-04-07 LCO
File Number 477
2026-03-30 LCO
Referred to Office of Legislative Research and Office of Fiscal Analysis 04/07/26 12:00 PM
2026-03-19 LCO
Filed with Legislative Commissioners' Office
2026-03-18 ENV
Joint Favorable
2026-03-09 Connecticut General Assembly
Public Hearing 03/13
2026-03-06 Connecticut General Assembly
Referred to Joint Committee on Environment

Official Summary Text

To enact a surcharge on certain insurance policies for fossil fuel related facilities that contribute to climate change.

Current Bill Text

Read the full stored bill text

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General Assembly Substitute Bill No. 453
February Session, 2026

AN ACT CONCERNING A CLIMATE CHANGE RELATED SURCHARGE
ON CERTAIN INSURANCE POLICIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective October 1, 2026) (a) On and after January 1, 1
2027, any person that issues or renews any property or casualty 2
insurance policy in this state, including, but not limited to, any policy of 3
a captive insurance company, for any fossil fuel infrastructure that 4
facilitates or expands the processing, exporting or transporting of oil, 5
methane gas or coal, other than home fuel delivery vehicles, or any other 6
infrastructure related to such activities, including, but not limited to, 7
wells, pipelines, terminals, refineries or utility-scale generation facilities, 8
shall be assessed a five per cent surcharge for the issuance or renewal of 9
any such policy. Any such surcharge shall be transmitted to the 10
Insurance Commissioner for deposit by said commissioner into the 11
climate resilience account described in subsection (b) of this section. 12
(b) The Commissioner of Energy and Environmental Protection shall 13
establish an account to be known as the "climate resilience account". 14
Such account may receive any funds required to be deposited in such 15
account, including, but not limited to, any surcharge described in 16
subsection (a) of this section and any other funds, gift or donation 17
appropriated for or made to such account for the purposes described in 18
subsection (c) of this section. The funds in such account shall not lapse 19
at the end of any fiscal year and shall be available for the purposes 20
Substitute Bill No. 453

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described in subsection (c) of this section. 21
(c) The Insurance Commissioner shall ensure the deposit of any such 22
surcharge described in subsection (a) of this section to the climate 23
resilience account established by the Commissioner of Energy and 24
Environmental Protection. The Commissioner of Energy and 25
Environmental Protection shall prescribe the allocation of such funds for 26
the purpose of disseminating flood risk data to communities throughout 27
the state, establishing a public awareness effort in communities with a 28
high risk of such flooding and providing grants to such communities for 29
the construction or installation of climate-resilient infrastructure that is 30
designed to mitigate such risk of flooding in such communities. 31
This act shall take effect as follows and shall amend the following
sections:

Section 1 October 1, 2026 New section

ENV Joint Favorable Subst. -LCO
APP Joint Favorable