Bill > HB3089

This bill amends Oregon insurance law to create a clear definition of "wildfire risk" and establish new requirements for insurance companies when canceling, non-renewing, or increasing premiums on homeowner insurance policies due to wildfire concerns. Specifically, the bill defines "wildfire risk" as an uncontrollable fire fueled primarily by natural vegetation that is officially declared a wildfire by a governmental authority. When an insurer takes action on a homeowner's policy related to wildfire risk, they must now provide a detailed notice explaining the specific property characteristics contributing to the decision, potential wildfire risk mitigation actions the homeowner could take to improve insurability, and information about how wildfire risk is assessed. The notice must include details such as how wildfire risk scores are determined, the range of possible risk classifications, the property's specific risk position, and potential impacts of risk mitigation actions. For premium increases specifically, insurers must also describe potential discounts or premium adjustments available if the homeowner undertakes certain risk reduction measures. The bill takes effect 91 days after the 2025 legislative session adjourns, providing a clear timeline for implementation of these new insurance disclosure requirements.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3089