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LR 199

Interim study to examine the causes of recent increases in homeowner's insurance premiums

109th Legislature (2025-2026) Introduced by Mike Jacobson

LR 199 launches an interim study to identify drivers of rising Nebraska homeowners' insurance premiums and explore policy options to address them.

Referred to Banking, Commerce and Insurance Committee
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Bill Summary · LR 199

Summary: LR 199 — Interim study to examine the causes of recent increases in homeowner's insurance premiums

Overview

  • Bill Number: LR 199
  • Title: Interim study to examine the causes of recent increases in homeowner's insurance premiums
  • Type: Legislative Resolution (interim study)
  • Introduced: May 14, 2025
  • Primary Sponsor: Jacobson (District 42)
  • Status: Referred to Executive Board on introduction; later referred to the Banking, Commerce and Insurance Committee
  • Current Action: Committee study proposal to investigate drivers of rising homeowners’ insurance costs and identify possible public policy responses

Purpose

LR 199 proposes an interim, fact-finding study to identify the causes of recent increases in Nebraska homeowners’ insurance premiums and to explore public policy options the Legislature could pursue to address these increases. The study is to be conducted by the Banking, Commerce and Insurance Committee, with findings and recommendations reported to the Legislative Council or Legislature upon completion.

Key Provisions and Study Scope

The resolution directs the interim study to cover, at a minimum, the following areas:

  1. Historical premium trends in the Nebraska homeowners’ insurance market — examining recent changes over time.
  2. Availability and market presence of homeowners’ insurance in Nebraska — including how many insurance carriers operate in the state.
  3. Policy types used by Nebraskan homeowners — comparing replacement cost policies versus actual cash value policies.
  4. Cross-state comparison — reviewing legislative actions in other states that address cost and availability of homeowners’ insurance.
  5. Public policy options to promote storm-resistant construction/repair — considering incentives or requirements to encourage durable building practices.
  6. Post-assignment issues in homeowner policies — evaluating the role of post-assignment of rights and benefits by residential contractors, and the extent of compliance with the Insured Homeowners Protection Act.
  7. Litigation and costs involving contractors and insurers — examining the number of Nebraska judicial cases and associated costs relating to contractors’ claims against property and casualty insurers.
  8. Insurance fraud in residential real estate repair — assessing the role and cost of fraud, including unlawful deductible rebates.

Procedures and Reporting

  • The Banking, Commerce and Insurance Committee is designated to conduct the interim study.
  • Upon completing the study, the committee must report its findings and recommendations to the Legislative Council or Legislature.

Timeline and Status

  • Introduced: May 14, 2025
  • Initial referrals: Executive Board (May 14, 2025); Banking, Commerce and Insurance Committee (May 19, 2025)
  • Status: Intergovernmental/committee-level interim study; no billmatic provisions adopted at this time
  • Since it is an interim study, concrete policy changes would follow only after the committee’s analysis and formal recommendations are considered by the Legislature.

Impact and Affected Parties

  • Primary focus: Nebraskans with homeowners’ insurance, homeowners’ associations, and prospective buyers
  • Industry stakeholders: Insurance insurers and agents, residential contractors, and policy underwriters
  • Potential policy implications: Findings could lead to legislative actions related to premium drivers, availability of coverage, construction standards, contractor practices, anti-fraud measures, and consumer protections.

Notes

  • This is a resolution initiating an interim study, not a bill mandating new laws. Its value lies in mapping drivers of premium changes and informing future legislative options.

Compiled from official sources — confirm details with the bill’s official record.

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