Wildfire Insurance Study: Risk Assessment and Coverage Availability
This act mandates the Government Accountability Office (GAO) to conduct a comprehensive study on insurance coverage for wildfire damages. The study aims to understand how wildfires impact the availability and cost of insurance for homeowners and businesses, and to evaluate state-level responses. The findings will help citizens and policymakers better grasp the challenges of insurance protection amidst increasing wildfire risks.
Key points
The government will study wildfire trends, costs, and risks to better assess the overall threat.
Analysis of why insurers are raising rates or declining renewals for wildfire coverage, and its impact on property owners.
Evaluation of state government actions to protect citizens from high insurance costs or lack of coverage.
Investigation into how wildfire insurance availability affects communities, post-disaster rebuilding, and the housing market.
Expired
Citizen Poll