Verisk Helps Insurers Respond to New Wildfire Regulation in California
Verisk (Nasdaq: VRSK), a leading global data analytics provider, supports insurers with a broad range of wildfire risk and mitigation data and solutions to help with their compliance with the California Department of Insurance (CDI) regulation.
- Verisk (Nasdaq: VRSK), a leading global data analytics provider, supports insurers with a broad range of wildfire risk and mitigation data and solutions to help with their compliance with the California Department of Insurance (CDI) regulation.
- Verisk is a critical resource for insurers as they seek to understand their wildfire exposure and make their way through shifting risk profiles, changing market trends, and a dynamic regulatory climate, said Mark Anquillare, president and COO of Verisk.
- The new regulation will require insurers to take into account and reflect specific wildfire mitigation factors in their rating plans filed with the CDI, along with any related wildfire risk models that insurers use in connection with such rating plans.
- By incorporating the Firewise data, Verisk is helping insurers gain critical insights and promoting community efforts to make wildfire safety a top priority.