The California Department of Insurance (CDI) has approved the Verisk Wildfire Model for insurers to assess wildfire risk, marking a significant advancement in California's insurance sector. This model ...
When it comes to assessing a home's wildfire risk in California, a lot of calculating happens behind the scenes. But new legislation aims to change that. State legislators passed a bill on Sept. 13 to ...
JERSEY CITY, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- In a milestone for California’s evolving insurance landscape, the California Department of Insurance (CDI) has completed its review of the Verisk ...
Legislation approved Saturday aims to help property owners assess their rate hikes amid a statewide insurance crisis and rising costs. California lawmakers passed a bill meant to address consumer ...
As wildfires continue to drive up homeowners' insurance premiums and prompt policy cancellations in California, a new piece of legislation intended to help is awaiting Gov. Gavin Newsom’s signature.
Legislation for a fully transparent public wildfire catastrophe model was signed into law by Gov. Gavin Newsom late Friday. The new law, SB 429, aims to empower California consumers by challenging the ...
Moody’s Wildfire Risk Model Successfully Completes California Department of Insurance Review Process
NEW YORK--(BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California ...
The Aspen Fire Protection District plans to use an advanced computer model to see how wildfires would burn through the area. The model will use data collected on individual homes and buildings ...
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