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Committee introduces RS 32507 to create insurance fund for home hardening against wildfires
Summary
Representative Jordan Redmond and the director of the Idaho Department of Insurance outlined RS 32507, a proposal to establish a fund in the State Treasury to issue grants or matching funds to help homeowners harden residences against wildfire and to stabilize the insurance marketplace.
The House Health & Welfare Committee introduced RS 32507 on a motion after hearing from Representative Jordan Redmond and Idaho Department of Insurance Director Dean Cameron.
Director Dean Cameron told the committee the RS is a compromise product from work between the department, the sponsor and the insurance industry. "Essentially what it does is it sets up a fund in the Department of Insurance in the State Treasury and that fund would allow the…
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