CDI draft regulations ‘a step in the right direction’ but problems remain
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CDI draft regulations ‘a step in the right direction’ but problems remain

Concern about vague cat modeling language was a theme at a Tuesday workshop.

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Carriers applauded a preliminary attempt by the California Department of Insurance (CDI) to codify the use of forward-looking catastrophe models in ratemaking – a first for the state – but testified during a Tuesday workshop that the proposal is...

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