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Insurance director tells JFAC PBM enforcement, high‑risk pool and wildfire pressure shape agency budget requests
Summary
Department of Insurance presented a FY2026 budget with requests for an actuary, compensation increases for fire marshal staff, and capital outlay. Director Dean Cameron emphasized PBM oversight under recent legislation, the role of a "13.32 waiver" in lowering premiums, and growing wildfire‑related insurance market pressures.
The Joint Finance Appropriations Committee on Jan. 21 reviewed the Idaho Department of Insurance budget and heard Director Dean Cameron describe a set of requested enhancements to staffing and equipment, a law implementation update and concerns about the insurance market amid rising wildfire losses.
Noah Peterson, budget analyst for the Legislative Services Office, outlined the department’s structure: 75.5 approved full‑time personnel (63.5 in insurance regulation, 12 in the State Fire Marshal Division). The agency requested four enhancement items for FY2026, including funding for a staff actuary ($201,900 ongoing and $3,000 one‑time equipment), compensation increases for the state fire marshal and deputies ($48,100 ongoing from the Arson Fire and Fraud Prevention Fund), and $162,200 one‑time capital outlay for protective gear, cameras and two medium‑duty pickup trucks.
Peterson also reviewed fund flows for premium tax collections and…
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