Nasdaq

California Department of Insurance Approves Verisk Wildfire Model, Transforming Risk Assessment for Insurers

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 ...
Insurancenewsnet.com

Moody’s Wildfire Risk Model Successfully Completes California Department of Insurance Review Process

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 Department of Insurance (CDI).
Insurancenewsnet.com

California Set to Launch First Public Wildfire Model for Home Insurance | Insurify

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 ...
E&E

California to create first public wildfire model for insurance

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 ...
Nasdaq

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

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 ...
Morningstar

California to Create First Public Wildfire Catastrophe Model to Empower Homeowners with Insurance Wildfire Risk Information, says Consumer Watchdog

SACRAMENTO, Calif., Oct. 13, 2025 /PRNewswire/ -- Legislation creating a fully transparent public wildfire catastrophe model was signed by Governor Newsom late Friday. The law will give consumers the ...