Arizona Department of Insurance Director Barbara D. Richardson has created a Resiliency and Mitigation Council that plans to examine the availability and affordability of homeowners insurance in forested and wildland-urban interface (WUI) areas of Arizona.
Based on the work of the council, the Arizona Department of Insurance and Financial Institutions aims to produce a report by the end of 2025 to offer insights for policymakers to address issues of availability and affordability in these areas.
The focus will be on reducing the risk of losses in forested and WUI areas. According to an announcement by the department, lowering the overall risk shared among all policyholders may help homeowners insurance premiums for all homeowners in the state begin to stabilize.
The council will include representatives from local governments, firefighting agencies, the insurance industry and federally recognized tribal nations in Arizona.
The members include Richardson, as well as the following:
- Thomas A. Torres, Director of the Arizona Department of Forestry and Fire Management
- Tom Savage, League of Arizona Cities and Towns
- Terri Edwards, Independent Insurance Agents and Brokers of Arizona
- Chief Jake Rhoades, Arizona Fire Chiefs Association
- Chief Randy Chevalier, Arizona Fire District Association
- Carmine DeBonis, Jr., Pima County
- Jacob Emnett, County Supervisors Association of Arizona
- Laura Curtis, American Property and Casualty Insurance Association
- Michael Newman, Insurance Institute for Business and Home Safety
- Vacant, Inter Tribal Council of Arizona
- Vacant, Navajo Nation
The council’s first meeting is scheduled for Dec. 11 at 1 p.m. with both in-person and virtual attendance options. More information about the council and meeting is available on the DIFI’s website.
Topics
Arizona
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