Companies must insure in low-fire-risk areas

Press release

HELENA — State Auditor Troy Downing, who regulates insurance and investments for the state, put insurance companies on notice this week that his office will aggressively pursue insurance companies that deny coverage in low-risk fire areas.

An Advisory Memorandum sent to companies Aug. 14 states that any refusal to renew or issue policies based on wildfire risks for properties not located in high-risk fire areas violates Montana Insurance Code.

“As a consumer protection agency, it is our job to hold insurance companies accountable. We will pursue any insurance company that illegal...