By Saqib Rahim, E&E NEWS https://www.eenews.net/articles/as-insurers-leave-california-one-vows-to-cover-additional-risky-homes Mercury Insurance is the state’s first to use a process that allows climate modeling to expand coverage in wildfire-prone areas. One of California’s largest property insurers pledged to sell additional policies in wildfire-threatened areas, becoming the first company to use a new state order aimed at resolving the state’s […]| Consumer Watchdog
Los Angeles, CA — Insurance Commissioner Ricardo Lara is breaking his promise to Californians by guaranteeing rate hikes without guaranteeing more coverage, said Consumer Watchdog today, following his approval of another black-box wildfire model for use in pricing home insurance. The confidential closed-door review of a model owned by insurance ratings agency Moody’s, and two […]| Consumer Watchdog