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CoreLogic Announces Speakers and Agenda for INTRCONNECT 2023

Irvine, California - November 21, 2022 – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, has announced

CoreLogic Announces Speakers and Agenda for INTRCONNECT 2023

This post is part of a series sponsored by CoreLogic. CoreLogic® has announced the speakers and agenda for INTRCONNECT™ 2023, our first in-person event

Analysts Say Cat Models Would Encourage Wildfire Mitigation Measures

Analysts Say Cat Models Would Encourage Wildfire Mitigation Measures Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, said during a webcast on “home hardening” hosted by the state Department of Insurance that California is one of only three states that doesn’t allow insurers to use catastrophe modeling to determine wildfire risk. Rates must be based on historical losses. Nancy Watkins Watkins said that is a “very simple” method of ratemaking. “It’s kind of like expecting the Rocky Mountains to be flat because we just drove through Kansas and Missouri,” she said.

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