From GlobeNewswire: 2025-01-02 13:16:45

Verisk, a global data analytics and technology provider, is the first modeler to request a review of its wildfire catastrophe model by the California Department of Insurance. This move is part of California Insurance Commissioner Ricardo Lara’s Sustainable Insurance Strategy, aimed at improving resilience in the property insurance market. Verisk’s Wildfire Model for the U.S. incorporates leading knowledge of wildfire hazards and recent trends in the Western United States. The use of catastrophe models is expected to provide enhanced insights into natural disaster risks and increase insurance availability in California. This initiative aims to balance transparency and innovation to secure the state’s property insurance market for the future.



Read more at GlobeNewswire: Verisk Wildfire Model is the First Catastrophe Model Under