A 9279 New York Assembly · 2025 Regular Session

Enacts the climate accountability and loss recovery act

Summary

Enacts the "climate accountability and loss recovery act"; provides that the attorney general may bring a civil action against a covered entity for recovery of certain costs and assessments arising from a climate disaster.

Bill status in committee 1 of 4 stages cleared

Introduction

Nov 2025

Committee Review

Floor Vote

Governor

Introduced Nov 21, 2025 Last action Jun 1, 2026

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What changed between versions

A9279 → A9279A · 6 edits

MODERATE

The bill was amended to rename the legislation and strengthen its enforcement mechanisms against fossil fuel companies. The most significant change is the addition of a new definition for 'market disruption,' which allows the Attorney General to sue companies for costs incurred when the insurance market becomes unstable due to climate disasters. Additionally, the bill now explicitly includes 'sale at wholesale' in the definition of fossil fuel products and expands the types of insurance markets covered by potential surcharges.

Scope change

The bill's scope was expanded to include wholesale sales of fossil fuel products and to address market instability (market disruption) as a recoverable cost, moving beyond just direct climate disaster damages.

DEFINITION

Added a new definition for 'market disruption' to cover situations where the insurance market becomes unstable or unaffordable due to climate losses.

ELIGIBILITY

Expanded the definition of 'fossil fuel product' to explicitly include the 'sale at wholesale' of these products.

Changed the term 'Responsible party' to 'Covered entity' and updated the list of excluded entities to include the federal government.

ENFORCEMENT

Added authority for the Attorney General to recover costs and losses transferred through residual market mechanisms to address insurer insolvency or market withdrawal.

REQUIREMENT

Updated the list of recoverable items to include surcharges based on actual or projected losses and to reflect priced-in risk of a climate disaster.

TECHNICAL

Changed the legislative title to 'climate accountability and loss recovery act' and updated the bill status to indicate it was amended and recommitted.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 1, 2026

Lower · Passed

PRINT NUMBER 9279A

lower

Jun 1, 2026

Lower · Passed

AMEND (T) AND RECOMMIT TO INSURANCE

lower

Jan 7, 2026

Committee

REFERRED TO INSURANCE

lower

Nov 21, 2025

Committee

REFERRED TO INSURANCE

lower

1 primary · 6 co-sponsors