NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California’s Sustainable Insurance Strategy aimed at stabilizing the state’s property insurance market. The Moody’s wildfire risk model
Related Questions
How could the approval influence the supply of capacity for California property insurance and the overall market stability?
What risks or limitations does the model still have that could affect its effectiveness in pricing and risk assessment?
What are the potential revenue implications for Moody’s from licensing the model to additional insurers beyond California?
How might the model’s use impact the combined ratios and loss ratios of major California property insurers in upcoming rating periods?
Which California residential insurers are most likely to adopt the new wildfire model, and how might that impact their underwriting results?
What competitive advantage does Moody’s RMS gain over rival catastrophe models like RMS’s own model or Katri’s offerings?
Could this milestone trigger a broader regulatory acceptance of algorithmic catastrophe models in other states, expanding Moody’s market reach?
How will the CDI approval of Moody’s RMS U.S. Wildfire Model v2.0 affect Moody’s Corp. (MCO) stock price?
Does the model’s validation suggest improved loss forecast accuracy for future wildfire events, and how might that affect catastrophe bond pricing?
Will the model’s integration into rate filings lead to higher or lower insurance premiums for policyholders in high‑risk zones?