{"id":22482,"date":"2024-09-17T18:05:44","date_gmt":"2024-09-17T18:05:44","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=793351"},"modified":"2024-09-17T18:05:44","modified_gmt":"2024-09-17T18:05:44","slug":"california-commissioner-cal-poly-humboldt-working-on-public-wildfire-model","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/09\/17\/california-commissioner-cal-poly-humboldt-working-on-public-wildfire-model\/","title":{"rendered":"California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-wildfire-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2024\/09\/17\/793351.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2024\/09\/17\/793351.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation\u2019s first public wildfire catastrophe model.<\/p>\n<p>The plan is for the group to draw from California\u2019s research and higher education communities to make recommendations for a publicly accessible data source to predict future wildfire losses.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"catastrophe,natural-disasters,wildfire\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p><strong>Related: <a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2024\/08\/19\/789020.htm\">California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation<\/a><\/strong><\/p>\n<p>A public wildfire catastrophe model would predict future losses and serve as a benchmark for insurance rates, provide accessible data for wildfire safety efforts and create educational and career opportunities for California students, according to the California Department of Insurance.<\/p>\n<p>Cal Poly Humboldt will chair the group and invite researchers and higher education leaders from across the California State University, the University of California and other areas. Cal Poly Humboldt is home to one of the state\u2019s three accredited forestry programs.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/08\/15\/788367.htm\"><strong> 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire<\/strong><\/a><\/p>\n<p>The strategy group will create recommendations for a public wildfire catastrophe model in alignment with a new regulation on catastrophe modeling and ratemaking that the Department of Insurance is finalizing by December 2024. The plan calls for the group to present its recommendations to Lara by April 2025 to identify next steps for technical needs, public benefits, and potential funding sources.<\/p>\n<p>This strategy group\u2019s mission is enabled by a new regulation Lara is finalizing that will allow insurance companies to use modeling in the setting of insurance rates. The regulation specifies that models must calculate wildfire safety benefits, such as forest-management actions by state and local fire agencies and work by public and private utilities to reduce ignition sources.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/california\/\" class=\"btn btn-sm btn-primary tagtag\">California<\/a> <a href=\"https:\/\/www.insurancejournal.com\/catastrophe\/\" class=\"btn btn-sm btn-primary tagtag\">Catastrophe<\/a> <a href=\"https:\/\/www.insurancejournal.com\/natural-disasters\/\" class=\"btn btn-sm btn-primary tagtag\">Natural Disasters<\/a> <a href=\"https:\/\/www.insurancejournal.com\/wildfire\/\" class=\"btn btn-sm btn-primary tagtag\">Wildfire<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"793351\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Catastrophe<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation\u2019s first public wildfire catastrophe model. The plan&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[993,1056,10,154,1,9],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/09\/california-commissioner-cal-poly-humboldt-working-on-public-wildfire-model.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22482"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22482"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22483"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}