California E&S Insurance

This is accurate but there’s a slight additional nuance. In CA, insurers are only allowed to use historical data to write policies, and not predictive modeling. As “once in a hundred years” type events happen, it’s clear that weather patterns are changing, so the old models don’t work. Insurance companies and the commissioner are trying to negotiate terms that allow them to use these models in their underwriting, which would make places that have never flooded/no fire/no earthquake but with the potential to have those events more expensive or even uninsurable

{
  "score": 0,
  "title": "",
  "subreddit": "sandiego",
  "num_comments": 0,
  "scrape_method": "apify_targeted"
}