shutterstock_1209468139
14 June 2024 Insurance

California restricts cat model pricing offer to steer carrier growth

California moved to condition eventual use of catastrophe models in insurance pricing, restricting the pending market liberalisation to firms already focused on, or committed to growing in, designated distressed areas. 

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
3 June 2024   Defence & containment costs fell 53% y/y for Florida-focussed carriers after 2022 reforms.
Reinsurance
13 June 2024   Reinsurers & ILS took it on the shins as 'information asymmetry' left them unawares.
Reinsurance
1 March 2024   From hurricanes to droughts and the ‘fire belt’, the scale of cat exposure in LatAm creates intense demand for cat and operational reinsurance, says Eduardo Recinos Schonborn at Fitch Ratings.