State of Emergency: Examining the Impact of Growing Wildfire Risk on the Insurance Market

House Financial Services Committee
   Housing, Community Development and Insurance Subcommittee
2128 Rayburn

22/09/2022 at 09:00AM

The Subcommittee on Housing, Community Development, and Insurance will hold a hearing entitled, “State of Emergency: Examining the Impact of Growing Wildfire Risk on the Insurance Market” on September 22 at 9:00 am in room 2128 of the Rayburn House Office Building and on the Webex platform.

Memorandum

Legislation

  • H.R. 8483, the “Wildfire Insurance Coverage Study Act of 2022” (Rep. Waters) would require the Federal Emergency Management Agency (FEMA) and the Government Accountability Office (GAO) to conduct studies assessing the danger that wildfires increasingly pose to communities and how the market for homeowners’ insurance is responding to this growing threat.

Witnesses:

  • Matthew Auer, Dean of the School of Public and International Affairs, University of Georgia
  • Amy Bach, Executive Director, United Policyholders
  • Ricardo Lara, California Insurance Commissioner
  • Roy Wright, President & CEO of the Insurance Institute for Business & Home Safety
  • Rex Frazier, President, Personal Insurance Federation of California