@shox_tiktok_hardy: Min’s bill permits insurance payouts tied to preset hazard triggers rather than each household’s actual losses. Those payouts can differ from repair costs. The bill requires safeguards and disclosures, but does not promise to make every family whole. 📝 Bill details: Support: The bill explicitly recognizes a possible difference between actual losses and trigger-based payouts, called basis risk, and requires steps to minimize it. Not every permitted policy must use this model.

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Monday 02 November 2026 11:20:00 GMT