California restricts cat model pricing offer to steer carrier growth
California moved to condition eventual use of catastrophe models in insurance pricing, restricting the pending market liberalisation to firms already focused on, or committed to growing in, designated distressed areas.
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1 March 2024 From hurricanes to droughts and the ‘fire belt’, the scale of cat exposure in LatAm creates intense demand for cat and operational reinsurance, says Eduardo Recinos Schonborn at Fitch Ratings.