Establishes the Office of Risk and Resilience within the Department of Insurance and places the Strengthen Alabama Homes Program under the office.

This bill creates the Office of Risk and Resilience within the Department of Insurance, tasked with developing and implementing risk controls to promote a healthy insurance market. It also establishes the Strengthen Alabama Homes Program within the Office of Risk and Resilience, which will administer grants to retrofit insurable property to resist hurricane, tornado, or other catastrophic windstorm events. The program will apply for financial grants and may make grants available to nonprofit entities.

Establishes the Office of Risk and Resilience within the Department of Insurance and places the Strengthen Alabama Homes Program under the office.

This bill creates the Office of Risk and Resilience within the Department of Insurance, tasked with developing and implementing risk controls to promote a healthy insurance market. It also establishes the Strengthen Alabama Homes Program within the Office of Risk and Resilience, which will administer grants to retrofit insurable property to resist hurricane, tornado, or other catastrophic windstorm events. The program will apply for financial grants and may make grants available to nonprofit entities.