SB 429: Wildfire Safety and Risk Mitigation Program.

The bill establishes a wildfire safety and risk mitigation program to fund the development, demonstration, and deployment of a public wildfire catastrophe model. The program aims to provide significant wildfire safety benefits to California communities and align federal, state, and local wildfire risk reduction efforts. The program will be funded through an appropriation and will be managed through a new account within the insurance fund. The department will create a framework and multiyear plan for the development, demonstration, and deployment of the public wildfire catastrophe model, using available data and including specified information. The plan will be published on the department's internet website. The department will also provide recommendations to relevant committees for future budget allocations related to the program before September 1, 2026.