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Wildfire Insurance Study: Availability and Costs for Citizens

This act mandates a detailed study on insurance coverage for wildfire damages. The goal is to understand why insurance costs are rising, why some policies are being withdrawn, and how this impacts housing availability and citizens' personal finances. The findings will inform future decisions regarding support and protection for residents in high-risk areas.
Key points
Trends in wildfire risk, including frequency and costs, will be studied to better predict threats.
Analysis of changes in insurance rates and policy non-renewals over the past 10 years to understand the impact on homeowners and businesses.
Assessment of actions taken by state authorities to regulate the wildfire insurance market and their effectiveness.
Identification of challenges faced by insurers and exploration of solutions to maintain insurance availability and affordability.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2430
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2025-07-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Wildfire Insurance Coverage Study Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2430.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-24.

What are the main provisions?

Key points include:

  • Trends in wildfire risk, including frequency and costs, will be studied to better predict threats.
  • Analysis of changes in insurance rates and policy non-renewals over the past 10 years to understand the impact on homeowners and businesses.
  • Assessment of actions taken by state authorities to regulate the wildfire insurance market and their effectiveness.
  • Identification of challenges faced by insurers and exploration of solutions to maintain insurance availability and affordability.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Heinrich, Martin [D-NM].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Real Estate Environment Economy