Site icon Global News HQ

California lawmakers considering nation’s first-ever public wildfire catastrophe model

California lawmakers considering nation’s first-ever public wildfire catastrophe model


“We (lawmakers) can’t do what the insurance commissioner does in evaluating and calling the shots on rate increases based on actuarial risk, but what we can do is say: ‘Hey, we’ve got our own data now and it does or doesn’t generate the same conclusions.’ And as a public system, it isn’t proprietary,” Cortese said.



Source link

Exit mobile version