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NE LB1035
Bill
Status
1/14/2026
Primary Sponsor
Machaela Cavanaugh
Click for details
AI Summary
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Caps homeowners insurance rate increases at 10% above the highest rate approved by the Director of Insurance within the previous 12 calendar months, effective for filings on or after July 1, 2026
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Amends sections 44-7501 and 44-7508 of the Property and Casualty Insurance Rate and Form Act to incorporate the new rate limitation requirement
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Requires all rating system filings and modifications for homeowners insurance to comply with the 10% cap provision
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Declares an emergency, meaning the act takes effect immediately upon passage and approval rather than following the standard effective date
Legislative Description
Change and provide limitations on the rating system an insurer can file under the Property Casualty Insurance Rate and Form Act
Last Action
Notice of hearing for February 23, 2026
1/23/2026