Verisk Sets Precedent as First to Complete Wildfire Catastrophe Model Review Process in California for Insurance Ratemaking

Verisk Sets Precedent as First to Complete Wildfire Catastrophe Model Review Process in California for Insurance Ratemaking

Milestone underscores Verisk’s leadership in modeling and regulatory collaboration to support insurance-driven resilience for property owners and...

CDI completes review of Verisk’s wildfire model to help address California’s coverage crisis

The California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the US, approving it for use by insurers in assessing wildfire risk and property insurance ratemaking—marking it as the first catastrophe model to successfully complete evaluation under the state’s new regulatory framework. This marks a milestone in California’s evolving insurance landscape and underscores Verisk’s leadership in catastrophe mod…

California Department of Insurance Completes Final Review of Wildfire Model

The California Department of Insurance completed a review of the state's first wildfire catastrophe model, marking a dramatic change in the state's