Verisk submits first wildfire risk model to California, aiding insurers in assessing fire dangers.

Verisk, a data analytics firm, became the first to submit its wildfire catastrophe model for review by California's Department of Insurance. This move supports the state's Sustainable Insurance Strategy, aiming to help insurers better assess and manage wildfire risks, potentially increasing insurance availability in California. The model includes detailed insights into wildfire hazards and trends in the Western U.S.

3 months ago
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