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Department of Insurance seeks staff and equipment as PBM oversight, high‑risk pool and wildfire pressures mount
Summary
The Idaho Department of Insurance presented FY2026 requests including a staff actuary, a regulatory compliance specialist and fire‑marshal compensation and equipment; director described PBM data collection and enforcement work, the high‑risk reinsurance pool and wildfire‑driven market stress.
The Idaho Department of Insurance outlined budget priorities and market concerns to the Joint Finance‑Appropriations Committee on Jan. 21, citing pharmacy benefit manager (PBM) oversight, its high‑risk reinsurance pool and wildfire‑related insurance market pressure as drivers.
Department requests for FY2026 include one staff actuary (requested at $201,900 ongoing plus $3,000 one‑time for office equipment), a regulatory compliance specialist (requested at $41.03/hour, 80% of policy for pay grade O) to serve as an internal legal and policy resource, compensation increases for the state fire marshal and deputies ($48,100 ongoing from the Arson, Fire and Fraud Prevention Fund), and $162,200 in one‑time capital outlay for state fire marshal replacement items (including $10,000 for turnout gear, $16,200 for cameras and $136,000 for two medium‑duty pickup trucks…
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