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Insurance director: PBM complaints, 1332 waiver and wildfire pressures shaping Idaho insurance policy
Summary
The Department of Insurance told JFAC it is implementing pharmacy benefit manager (PBM) reporting and complaints work after House Bill 596, continues a successful high‑risk (reinsurance) program aided by a Section 1332 waiver, and is tracking wildfire-driven market pressures that have pushed some homeowners into the surplus (nonadmitted) market.
BOISE — Dean Cameron, director of the Idaho Department of Insurance, told the Joint Finance-Appropriations Committee on Tuesday that the department is implementing new pharmacy benefit manager (PBM) reporting and complaint processes, administering a high‑risk reinsurance pool supported by a Section 1332 waiver, and monitoring wildfire-driven disruptions in the homeowners insurance market.
The department presented its FY2026 enhancement requests and reviewed funding sources, staffing and recent workload. Noah Peterson, the Legislative Services Office analyst, said the department has 75.5 approved full‑time positions and that its two dedicated funds (the Arson, Fire and Fraud Prevention Fund and the Insurance Administrative Fund) support regulation and the state fire marshal program.
PBM oversight and complaints: Cameron said the department hired an analyst to implement requirements from last year’s pharmacy benefit manager reform and to collect PBM data. “She's receiving numerous complaints,”…
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