IBHS presenter warns insurers are watching; transcript cites state transparency bill
The IBHS presenter told Lyons residents that insurers monitor community mitigation and mentioned a transparency bill that will require risk scoring disclosure at policy renewal, increasing the urgency for collective action.
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Mark Milvak told the meeting that collective mitigation efforts can attract insurer attention and may influence coverage decisions. “When a community takes collective action, the insurance companies pay attention,” Milvak said, noting some carriers are already sending nonrenewal notices in other areas.
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