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LR 200

Interim study to examine the impact of increasing insurance costs on Nebraska homeowners and businesses

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

The bill would study how rising property insurance costs affect Nebraskans and explore policies to improve access to property insurance for homes and businesses.

Referred to Banking, Commerce and Insurance Committee
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Bill Summary · LR 200

LR 200 — Interim study to examine the impact of increasing insurance costs on Nebraska homeowners and businesses

Overview

LR 200 is a Nebraska Legislative Resolution introduced on May 14, 2025. It designates an interim study by the Banking, Commerce and Insurance Committee to examine how rising property insurance costs affect Nebraska homeowners and businesses and to explore potential programs or policies to improve access to property insurance coverage.

  • Status: Referred to Banking, Commerce and Insurance Committee; also initially referred to the Executive Board on May 14, 2025.
  • Introduction: May 14, 2025
  • Sponsor: Jacobson (primary)
  • Legislative Session: 109th Legislature, First Session
  • Classification: Resolution (interim study)

Purpose and intent

The core purpose of LR 200 is to assess the impact of increasing property insurance costs in Nebraska and to identify ways the Legislature could encourage, provide, or supplement access to property insurance coverage for homeowners and businesses. The resolution envisions a non-binding interim study rather than immediate statutory changes, with findings and recommendations to inform future policy discussions.

Key provisions and topics for study

The resolution directs the study to include, at minimum, the following elements:

  1. Historical and forecasted premium costs: Examine past trends and projected future costs for property insurance in Nebraska.
  2. Uninsured/underinsured properties: Assess the historical and projected number of properties that are uninsured or underinsured.
  3. Causes and trends affecting access: Analyze factors influencing the ability of property owners to obtain affordable property insurance.
  4. Policies and programs in other states: Examine existing policies and programs (including Fair Access to Insurance Requirements Plans and incentive programs) used elsewhere to improve access to residual property insurance.
  5. Nebraska-related policy considerations: Review proposed policies or programs related to residual property insurance coverage that could be appropriate for Nebraska.

(Note: The term “residual property insurance” refers to coverage systems like FAIR Plans that provide access to property insurance when coverage is not readily available in the voluntary market.)

Procedures and reporting timeline

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

Potential impact and relevance

  • Policy implications: The study could inform future legislative or regulatory actions aimed at improving access to property insurance for Nebraskans, including homeowners and business properties.
  • Stakeholders affected: Property owners (homeowners and commercial), insurers, insurance agents, real estate professionals, and local governments.
  • Non-binding nature: As a resolution, LR 200 authorizes the study but does not itself create new law or mandatory programs; outcomes may shape subsequent policy proposals.

Additional details

  • LR 200 is part of the 109th Nebraska Legislature, First Session.
  • Primary sponsor: Jacobson.

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

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