California proposes rule that would change how insurers assess wildfire risk

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https://www.sfchronicle.com/california/article/home-insurance-wildfire-risk-19021575.php 

By Megan Fan Munce, San Francisco Chronicle. 

Excerpt: A newly proposed regulation aims to draw insurers back to the state by allowing them to anticipate future wildfire risks when raising their rates. The proposed rule change...would allow companies to submit catastrophe models for wildfires, floods and terrorism to the California Department of Insurance for approval. If approved, insurers could then use predictions from those models when requesting rate hikes for commercial or homeowners insurance.... 

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