CDI Commissioner Lara finalizes wildfire zone writing, cat model regulations
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CDI Commissioner Lara finalizes wildfire zone writing, cat model regulations

The regulation is a key component of Lara’s effort to stabilize the state’s sputtering property market.

By Clark Mindock
November 14, 2024
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HISCOX 21/10/16

California Insurance Commissioner Ricardo Lara has completed work on a key regulation which aims to lure insurers back into writing policies in wildfire-prone areas, in exchange for permission to use forward looking catastrophe models in ratemaking.

The

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