Bill > HCR016

This concurrent resolution addresses the challenges in Idaho's property insurance market by authorizing the Legislative Council to appoint a committee to study the issue. The resolution highlights significant concerns, including nearly a million acres burned in 2024, almost 200 structures destroyed, and twenty-two insurance companies submitting block non-renewal requests. The legislative findings note that property insurance rates are increasing, homeowners are struggling to find coverage (especially in rural areas), home values and repair costs have risen dramatically, and reinsurance costs have become challenging. The authorized committee will explore strategies to stabilize the property insurance market and develop approaches to make property insurance more accessible and affordable for Idahoans. The committee will be composed of legislators determined by the Legislative Council, with the option to include nonlegislative members who will not receive reimbursement or have voting privileges. The committee is required to report its findings, recommendations, and potential proposed legislation to the Second Regular Session of the Sixty-eighth Idaho Legislature, with the ultimate goal of addressing the state's property insurance market challenges.

Business and Industry

Health and Welfare Committee (House)

https://legislature.idaho.gov/sessioninfo/2025/legislation/HCR016/