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Bill > SB429


CA SB429

Wildfire Safety and Risk Mitigation Program.


summary

Introduced
02/18/2025
In Committee
05/23/2025
Crossed Over
06/03/2025
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

An act to add Article 12 (commencing with Section 970) to Chapter 1 of Part 2 of Division 1 of the Insurance Code, relating to insurance.

AI Summary

This bill establishes the Wildfire Safety and Risk Mitigation Program to fund the development of a public wildfire catastrophe model through university grants. The program aims to create a research and educational center that can help state and local emergency planners better understand and mitigate wildfire risks. The Department of Insurance will administer competitive grants for projects that develop computer models simulating potential property damage from major wildfires, with priority given to proposals that benefit disadvantaged communities, assist government wildfire protection efforts, provide educational opportunities for students, and improve public understanding of wildfire risks. The bill creates a Wildfire Safety and Risk Mitigation Account within the Insurance Fund to support these efforts and requires the department to develop a framework and multiyear plan for the public wildfire catastrophe model, which must be published on their website. Grant projects must focus on developing modeling techniques, promoting publicly accessible information about wildfire risks, and supporting effective insurance risk assessments. The department will also be required to provide recommendations to the Legislature, Budget Committees, and the Governor for future budget allocations related to the program before September 1, 2026, with the entire program becoming operational upon legislative appropriation.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

In Assembly. Read first time. Held at Desk. (on 06/04/2025)

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