Wildfire Risk Insurance Models & Underwriting

This bill requires insurance companies in New Mexico to provide detailed information about how they use wildfire risk models to set homeowners insurance rates and make underwriting decisions. It mandates that insurers consider property-specific and community-level mitigation efforts in their models or offer discounts for these actions. The bill also requires insurers to inform policyholders about their wildfire risk scores, how the scores are determined, available mitigation discounts, and a process to appeal their scores.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text