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US HR8483

US HR8483
Wildfire Insurance Coverage Study Act of 2022


summary

Introduced
07/21/2022
In Committee
07/21/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require studies regarding insurance coverage for damages from wildfires, and for other purposes.

AI Summary

This bill requires the Federal Emergency Management Agency (FEMA) to conduct a study on wildfire risk in the United States, including identifying trends in wildfire disasters, mitigation practices, existing government programs, and the need for a national wildfire risk map. It also requires the Government Accountability Office (GAO) to study the existing state of homeowners and commercial property insurance coverage for wildfire damage, including how insurers have responded to increased wildfire risk, regulatory actions taken by states, and impediments faced by insurers in underwriting wildfire risk. The bill aims to provide a comprehensive assessment of the challenges and potential solutions related to insurance coverage for wildfire damages.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 07/21/2022)

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