Navigating California’s Wildfire Risk Regulation

The Mitigation in Rating Plans and Wildfire Risk Models regulation was formally adopted by the California Department of Insurance on October 14th, 2022. The regulation proposes new pricing standards in the state that would recognize and reward wildfire safety and mitigation efforts made by homeowners and businesses.

This document serves as a guide to understanding what’s happening, how it affects insurance carriers writing business in California, and what they can do to prepare and mitigate the disruption to their operations.