Birdwatch Note Rating
2025-01-09 16:58:08 UTC - HELPFUL
Rated by Participant: 1514D48DEDA85B2139E0A6AF99A9377E1F50BE3932556E005EB4A3F9270F27C4
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
All Note Details