The bill would require the Comptroller General, working with the Federal Insurance Office and state insurance regulators, to study wildfire risk and insurance coverage in the United States. The study would examine insurance rates, policy cancellations, state responses, risks to insurers, and possible ways to address coverage challenges. The Comptroller General would submit the study’s findings to Congress within one year after the bill’s enactment.
The bill would require a study; it does not itself change insurance coverage, rates, or state rules. The study would examine effects on homeowners, small businesses, and communities.
The bill does not specify an expense amount or funding source.
No publicly available information.
No publicly available information.