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Department of Insurance asks for staff additions, fire-mitigation funding as wildfire and PBM issues rise

2390179 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At the Jan. 21 JFAC hearing, Idaho's Department of Insurance sought a staff actuary, a regulatory compliance specialist and pay increases for fire marshal staff; Director Dean Cameron warned of wildfire-driven market stress and reported ongoing PBM data collection and complaints enforcement following last year's PBM reform law.

The Department of Insurance presented its fiscal year 2026 budget to the Joint Finance-Appropriations Committee on Tuesday, Jan. 21, requesting personnel and equipment additions aimed at actuarial review, regulatory compliance and fire-mitigation response.

Noah Peterson of the Legislative Services Office reviewed the request and told the committee the department seeks four enhancement items for FY2026, including a staff actuary (1 FTP, $201,900 ongoing for personnel and $3,000 one-time office equipment), a regulatory compliance specialist to serve as an internal legal resource (salary requested at 80% of policy for pay grade O), compensation increases for the state fire marshal, chief deputy and deputy fire marshals ($48,100 ongoing from the Arson Fire and Fraud Prevention Fund) and $162,200 in one-time capital outlay for fire-turnout gear, cameras and two medium-duty pickup trucks.

Directo…

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