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Chelan PUD urges committee to allow public utility districts to use captive insurance amid rising wildfire premiums
Summary
House Bill 1842 would let public utility districts participate in or own captive insurance companies to manage utility liability risks, including wildfire reinsurance. Chelan County PUD testified it faces sharply rising premiums and limited market capacity and urged the Legislature to grant PUDs the same tool investor‑owned utilities already use.
House Bill 1842, which would authorize public utility districts to participate in or own captive insurance entities, received proponent testimony from Chelan County PUD representatives on Tuesday.
Alicia Kinney Claussen, staff to the committee, summarized that captive insurance allows an entity or group of entities to form a separate insurer…
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