The Idaho Legislature has introduced a resolution to form a legislative committee dedicated to studying the state’s property insurance market, according to sources. The House concurrent resolution, which is expected to be available on the Legislature’s website soon, cites the impact of the destructive 2024 wildfire season on Idaho’s property insurance market as a key concern.
This resolution arrives amid growing worries about the availability and affordability of property insurance in Idaho. The severity of recent wildfires across the state has reportedly led to increased claims and, consequently, potential instability within the insurance market.
Further details about the resolution, including the specific scope of the committee’s investigation and its anticipated timeline, are expected to be available upon the resolution’s official posting. The committee’s findings and any subsequent recommendations could have significant implications for homeowners and the insurance industry in Idaho, including whether this will lead to policy changes or support for insurers dealing with these risks.
