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Moody’s Wildfire Risk Model Successfully Completes California Department of Insurance Review Process
NEW YORK, August 04, 2025--Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California’s Sustainable Insurance Strategy aimed at stabilizing the state’s property insurance market.
About this update from Moody's Corporation
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