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Alaska2026Passed Legislature

SB11

Alaska Flood Insurance Act

Last scannedSep 14, 2026, 12:32 AM

In one sentence

This law creates a new group called the Alaska Flood Authority to help provide flood insurance and sets rules that rates must be based mainly on actual historical data.

What it does

  • Creates the Alaska Flood Authority as a nonprofit legal entity made up of all property insurers licensed in Alaska.
  • Requires all property insurers licensed in Alaska to join the authority and share information with it.
  • Sets new rules that flood insurance rates must give primary consideration to actual historical flood and damage data.
  • Establishes an annual report requirement for the Authority's board to review how well the program works compared to federal options.
  • Updates the legal definition of 'flood' to include water from atmospheric rivers, snow melt, mudflows, or land collapse near lakes.

Who it affects

  • Property insurance companies licensed in Alaska
  • Homeowners and property owners who need flood insurance

Limits and unknowns

  • The official text provided does not state a specific date when these new rules will officially start.
  • The full details for how the Authority will handle assets are cut off in the source text.

Plain language

Terms to know

Alaska Flood Authority
A new nonprofit group created by this law that includes all property insurers in Alaska to manage flood insurance.
Atmospheric river
A source of water listed in the bill's definition of a flood, alongside overflow and snow melt.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

FLOOD INSURANCE An Act relating to flood insurance; relating to property insurance; establishing the Alaska Flood Authority and the Alaska flood insurance fund; and providing for an effective date.

Official activity

Bill history

  1. (S) Minutes (SFIN)Min
  2. (S) Heard & HeldText
  3. (S) FINANCE at 09:00 AM SENATE FINANCE 532Text
  4. (S) REFERRED TO FINANCE723
  5. (S) FN4: INDETERMINATE(REV)723
  6. (S) FN3: (CED)723
  7. (S) FN2: (CED)723
  8. (S) FN1: INDETERMINATE(CED)723
  9. (S) NR: MERRICK, GRAY-JACKSON723
  10. (S) DP: BJORKMAN, DUNBAR723
  11. (S) L&C RPT 2DP 2NR723
  12. (S) Minutes (SL&C)Min
  13. (S) Moved SB 11 Out of CommitteeText
  14. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  15. (S) COSPONSOR(S): YUNDT429
  16. (S) Minutes (SL&C)Min
  17. (S) Heard & HeldText
  18. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  19. (S) COSPONSOR(S): DUNBAR262
  20. (S) Minutes (SL&C)Min