Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House passes bill requiring greater transparency from insurers on wildfire risk models
Summary
Lawmakers approved House Bill 11-82 to increase transparency about wildfire risk scores used by insurers, require disclosure of mitigation discounts and provide consumers access to model information; sponsors said the measure aims to help homeowners target mitigation and access insurance.
The Colorado House passed House Bill 11-82 on March 19, a measure that directs insurers to disclose aspects of wildfire risk scoring and how mitigation measures affect underwriting and pricing.
Why it matters: Lawmakers and witnesses described rising wildfire risk and disparate insurer risk scores that confuse homeowners. Sponsors said the bill promotes consumer transparency, helps homeowners direct mitigation efforts where insurers will recognize them, and protects the availability and affordability of homeowners insurance.
What the bill requires (as described…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
