Verisk Analytics: CDI approves ISO wildfire mitigation filings for homeowners

Verisk announced that the California Department of Insurance has approved its ISO wildfire mitigation filings for homeowners, dwelling, commercial property, commercial inland marine and business owners programs. This critical filing enables insurers to incorporate and reflect specific wildfire mitigation discounts in their rating plans, as mandated by a CDI regulation implemented last year. Verisk has been engaging with CDI to assist insurers in responding to the mitigation regulation and navigating the changing environmental landscape. As the climate science progresses and more insurance industry data becomes available, Verisk will continue to assess the impact of mitigation for insurers. This proactive approach has positioned Verisk as an industry leader, being among the first to have its filings approved.