ID HCR016

Authorizes the Legislative Council to appoint an interim committee to study Idaho's property insurance market and develop strategies for more accessible and affordable coverage statewide

Cites 2024 wildfire impacts as context: nearly 1 million acres burned, approximately 200 structures destroyed including over 40 residences, and 22 insurance companies submitting block non-renewal requests

Identifies market concerns including carriers withdrawing from Idaho areas, significant rate increases for all residents, rural homeowners struggling to find coverage, and rising reinsurance costs affecting carrier solvency

Allows nonlegislative members to participate in the committee but without voting privileges or reimbursement for expenses from legislative funds

Requires the committee to report findings, recommendations, and any proposed legislation to the Second Regular Session of the Sixty-eighth Idaho Legislature