News Formal

California issues landmark rules to improve home insurance market

  • 📰 latimes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 82%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

California's Department of Insurance released rules meant to encourage insurers to write more policies in high-fire-risk areas by using computer modeling.

Landmark regulations intended to encourage insurers to write more policies in risky wildfire neighborhoods through the use of complex computer models were released Friday by the state. Under new rules intended to stabilize California's troubled home insurance market, insurers will be able to set rates by drawing on a wide swath of meteorological, geographic and other data in establishing rates, rather than largely relying on historical losses.

The department also said it has hired an expert in a newly created position to oversee the process of 'examining model integrity and ensuring public review.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 11. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

California suspects arrested after using beara costume to allegedly defraud insurance companiesCalifornia has seen its share of bears breaking into cars. But bears caught on camera entering luxury cars tipped off insurers that something wasn’t quite...
Bron: dallasnews - 🏆 18. / 71 Lees verder »