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 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, 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 and serving extremely low-income households.