SB4006 establishes the Strengthen Illinois Homes Program to mitigate wind and hail damage, and the Climate Risk Disclosure Law to enhance climate.
SB4006 creates the Strengthen Illinois Homes Program, administered by the Department of Insurance, to provide grants to insurable property owners for mitigating wind and hail damage. The program identifies high-risk areas based on historical data and offers grants to eligible grantees, prioritizing low-income areas. Contractors must meet specific criteria, including FORTIFIED certification and compliance with local building codes. The Climate Risk Disclosure Law mandates insurers to participate in climate surveys and disclose climate-related risks.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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