Birdwatch Note Rating
2025-01-09 18:39:17 UTC - HELPFUL
Rated by Participant: 0249EB3D618CC73F751BBE1224C29EB75430624639BC697C50D3DAA7EEEE9276
Participant Details
Original Note:
CA's insurers have historically been prohibited to use cat models in ratemaking, effectively prohibiting pricing in the cost of wildfires or other catastrophes. Recently, some insurers have attempted to have cat models as part of their pricing. This is not widespread. https://www.insurancejournal.com/news/west/2025/01/02/806725.ht
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