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Public utility districts seek access to captive insurance; committee hears House Bill 1842
2311153 · February 13, 2025
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Summary
Chelan County PUD and other supporters urged the committee to let public utility districts form or use captive insurance companies to manage risk and secure coverage that commercial markets have reduced.
Supporters of House Bill 1842 told the Environment & Energy Committee that authorizing public utility districts (PUDs) to form or use captive insurance companies can help districts manage insurance risks and obtain coverage not otherwise available.
Matt Sterling, committee staff, explained that the bill would allow local government entities and…
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