Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lawmakers hear wide-ranging testimony on SB 5,928 to force insurer disclosures on wildfire risk scores
Summary
Testimony in support and opposition to SB 5,928 focused on consumer transparency, proprietary model protections, appeals timing, and whether community mitigation (including fire districts) is reflected in risk scores; industry groups asked to narrow scope and OIC to standardize forms.
The Senate Business, Trade and Economic Development Committee held a public hearing on SB 5,928, a bill that would require property insurers that use wildfire risk scores or models to disclose specified information to applicants and policyholders and to post discounts and mitigation incentives on their websites.
Committee staff summarized the measure as a request of the Office of the Insurance Commissioner (OIC). John Kim said the bill would require insurers using wildfire risk scores in underwriting or rating to disclose the score, the factors that contributed to it, and timelines and procedures for appeals; the bill also exempts certain model documentation from public inspection as confidential and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
