SACRAMENTO, Calif. (AP) — California moved Wednesday to become the first state to lower insurance costs for property owners who make improvements to reduce their fire risk, the state’s insurance commissioner said as wildfires again flared across the heat-stricken state. …
Farmers Insurance announced Monday that California regulators have approved its plan to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk scoring model developed by Zesty.ai is expected …
Zesty.ai, a California insurtech start-up, is hoping to fine-tune fire-risk scores that sometimes can make it challenging for homeowners to find coverage. Marketing Director Nick Allain said the company wants to help insurers who might otherwise overlook fire-resistant structures that …