The resolution proposes an interim study to investigate the recent increases in homeowner's insurance premiums in Nebraska and explore potential public policy solutions to address this issue. The study will analyze various factors, including the historical trends of insurance premiums, the availability of insurance providers in the state, and the types of policies being utilized. Additionally, it will consider legislative measures from other states, encourage the use of storm-resistant materials in construction, and examine the implications of post-assignment of rights by contractors, as well as the impact of insurance fraud on residential repairs.

The Banking, Commerce and Insurance Committee of the Nebraska Legislature is tasked with conducting this interim study. Upon completion, the committee is required to report its findings and recommendations to the Legislative Council or the Legislature, providing insights that could inform future legislative actions aimed at mitigating the rising costs of homeowner's insurance.