California regulator approves Verisk cat model for use in ratemaking applications
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California regulator approves Verisk cat model for use in ratemaking applications

Insurers must write policies in high-risk areas in order to incorporate the model.

By Clark Mindock
July 24, 2025
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California State Flag CA CDI.jpg

The California Department of Insurance has approved Verisk’s forward-looking catastrophe model for use by insurers during ratemaking applications, making it the first cat model to receive such approval in the state.

California

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Topics

News Regulation California Homeowners' insurance Personal lines Operations/tech North America
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