Department of Insurance; Office of Risk and Resilience created; Strengthen Alabama Homes Program placed under office

HB 424 creates the Office of Risk and Resilience within Alabama's Department of Insurance to address insurance market risks and resilience. It moves the Strengthen Alabama Homes Program into this new office, which helps homeowners retrofit properties to resist hurricane and tornado damage through grants or funding. The program relies on federal grants, state appropriations, or other external funds - state funds are not obligated - and requires projects to follow local building codes and inspections. Homeowners seeking storm-resistant retrofits and nonprofit organizations administering such projects are directly affected by the program's structure and funding mechanisms.