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Committee advances resolution to study property‑insurance market pressures, including wildfire impacts
Summary
House Concurrent Resolution 16 would create an interim study to examine factors constricting the property‑insurance market and consider policy options to stabilize availability and affordability; the committee advanced the measure after brief testimony from industry representatives and the Department of Insurance.
House Concurrent Resolution 16, introduced by Representative Jordan Redmond, would create a legislative interim study to examine factors affecting the property‑insurance market in Idaho and to consider measures to improve market stability and consumer options, with attention to wildfire risk and carrier withdrawals.
Redmond told the committee the study would explore why insurers are shrinking their footprint and pulling out of certain Idaho…
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