Nancy Watkins’ Post

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Principal & Consulting Actuary at Milliman, Inc.

California's Little Hoover Commission held a series of hearings with experts and recently issued a report on improving the California insurance market. Several of the commission's recommendations echoed the Sustainable Insurance Strategy currently being implemented by the California Department of Insurance, but they also recommended establishment of a WUI Data Commons (pp 27-28) and referenced groundwork laid by Milliman and Insurance Institute for Business & Home Safety - IBHS. As an update, we are mostly through a second phase of development for the data commons, under the guidance of California Fire Chiefs Association & funded by the Gordon and Betty Moore Foundation. Once it gets wrapped up in the next 1-2 months, we're hoping to move to Phase 3 build stage. There is a lot of demand for alignment on mitigation, and we see the data commons as a necessary part of the process...but it has to be done right. https://lnkd.in/gD_DRRuM

California’s Home Insurance Market Needs Urgent Reform

California’s Home Insurance Market Needs Urgent Reform

https://lhc.ca.gov

Megan Kuczynski

ClimateTech Connect| Insurtech Insights USA| Keynote Speaker| Advisor| Entrepreneur| Global Conferences + Tradeshows| B2B Media| P&L| M&A| Insurtech+Fintech+ClimateTech

2w

Thank you for these critical insights Nancy Watkins ClimateTech Connect

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