AB 1694: Insurance – investment disclosures

California State Capitol Building Sacramento by Christopher Padalinski
California State Capitol Building Sacramento by Christopher Padalinski

AB 1694 (Levine) Would require an admitted insurer, on or before January 1, 2024, and on or before each January 1 thereafter, to disclose its investments in fossil fuel-related entities and the fossil fuel-related companies and projects it underwrites or otherwise insures. The bill would require the department to publish that information on its internet website on or before April 1, 2024, and on or before each April 1 thereafter. The bill would authorize the commissioner to take regulatory action to prohibit or restrict fossil fuel-related investments and underwriting. STATUS: Referred to the Assembly Insurance Committee. Died in committee.