Updates from the OIC



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office of the insurance commissioner mike kreidler

       
Market study suggests options to improve insurance costs for housing providers
 

 

"Media contact: Public Affairs, (360) 725-7055"

OLYMPIA, Wash. — A report submitted to the Washington State Legislature on Thursday details the state of the insurance market for housing providers receiving funding from the state’s Housing Trust Fund [ [link removed] ] program and offers 12 potential policy options for improving their insurance costs.

Washington state Insurance Commissioner Mike Kreidler’s office (OIC) worked with Davies Actuarial and Alvarez & Marsal Financial Services on the report [ [link removed] ], which was requested by the Legislature in the 2024 session.

The report covers insurance affordability and availability for housing providers receiving Housing Trust Fund resources [ [link removed] ] and serving extremely low-income households [ [link removed] ].

Read Full Release [ [link removed] ]        


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