The Verisk Wildfire Model for the United States reflects decades of wildfire science, engineering, and climate data to offer a forward-looking view of risk, enabling insurers to better price and manage wildfire exposure. It was evaluated through the California Department of Insurance’s Pre-Application Required Information Determination (PRID) process, part of the state’s Sustainable Insurance Strategy.
This determination marks a turning point for insurance availability in California. With this model, insurers gain a scientifically rigorous tool to better support property- and community-level mitigation efforts.
To support the California Department of Insurance’s evaluation of the Verisk Wildfire Model for the United States, we submitted a comprehensive set of materials detailing the science, methodology, and regulatory alignment behind the model. This allowed the Model Advisor to make a determination of what information would need to be submitted as a part of an insurers rate filing.
The assets below include information about the Verisk Wildfire Model for the United States and the Required Model Information that insurers will submit as a part of their rate filings.
Watch a brief explainer on the science behind the Verisk Wildfire Model and how it supports insurance-driven resilience.
Comprehensive document on the data and science employed by the model and how the user interacts with the model.
Insurers will summarize their exposure data to help the CDI understand the user inputs.
These materials reflect Verisk’s commitment to transparency, scientific rigor, and collaboration with regulators and industry stakeholders.
Have questions or want to learn more? Contact us to speak with a Verisk expert.