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Wildfire Insurance Study: Improving Coverage for Homeowners

This act mandates studies on wildfire risks and the availability and cost of wildfire insurance. The goal is to understand how wildfires impact home and property insurance, and to find ways to improve protection for citizens. The studies aim to identify issues and develop better solutions for people living in wildfire-prone areas.
Key points
The Federal Emergency Management Agency (FEMA) will study wildfire trends, costs, and frequency to better assess national risk.
The study aims to identify practices that could reduce wildfire insurance premiums, such as hardening properties and landscaping.
The U.S. Comptroller General will investigate why insurers raise rates or refuse to renew wildfire policies, and how state authorities respond.
The analysis seeks to understand the impact of lack of coverage or high costs on communities, including low-income property owners and small businesses.
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Additional Information
Print number: 117_HR_8483
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2022-07-21