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California Can Expand Insurance for Wildfire Areas – NBC Los Angeles
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SFBT Thursday Digest: S F real estate firm sued; Fire insurance fallout - San Francisco Business Times
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Zesty ai s Z-FIRE(TM) Offers Significant Predictive Power to The California FAIR Plan to Assess Wildfire Risk
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Zesty.ai s Z-FIRE Offers Significant Predictive Power to The California FAIR Plan to Assess Wildfire Risk
Zesty.ai today announced new findings on the efficacy of the company s Z-FIRE
model, which was used as the focus of
a recent research paper by Sheri Scott, a principal with Milliman, a leading global actuarial consulting firm. The new white paper, the second in their research series Understanding Wildfire Risk in California , studied the efficacy of Zesty.ai s Z-FIRE model for assessing risk to homes covered by the California Fair Access to Insurance Requirements (FAIR) Plan, which as the state s insurer of last resort insures the properties in California which are most vulnerable to wildfire. This ongoing research was done independently and was not commissioned by Zesty.ai or the FAIR Plan. The intention of the research was not to endorse any one model or product.
California FAIR Plan Endorses Bill Expanding Coverage to Farms April 8, 2021
The California FAIR Plan Association is publicly supporting a bill to amend the California Insurance Code to allow the FAIR Plan to write commercial coverage for permanent structures on farms.
The California Fair Access to Insurance Requirements, or FAIR, Plan is an insurance pool established by law to assure the availability of basic property insurance to people who own insurable property in California and who are unable to obtain insurance in the private insurance market.
Senate Bill 11, authored by state Sen. Susan Rubio, D-Los Angeles, comes after a wave of historic wildfires that have led to some farms facing non-renewal and unable to turn to the FAIR Plan for coverage because the California Insurance Code specifically excludes the FAIR Plan from covering farms.