Dear Commissioner Lara, As a California insurance agent and small business owner I am encouraged to see the catastrophe modeling workshop scheduled for April 23, 2024. While there are many details that need to be worked out about how modeling will be used in rate filings, this is an important first step to implementing the Sustainable Insurance Strategy that you outlined in September. The workshop on modeling shows the California Department of Insurance recognizes that catastrophe modeling plays a crucial role in the success of the Sustainable Insurance Strategy. Modeling will also reflect the benefits of investments made in wildfire safety and other mitigation efforts by helping insurers accurately assess and price climate-related risks. California is the only state which does not currently use such forward-looking tools to set rates. The insurance availability crisis is only getting worse, and we need regulations that are quickly implementable. My understanding of the modeling regulations as currently presented is that the approval process for individual models is very open-ended, and that there are no specific time frames for models to be approved within. If this moves forward as is, it could take a year or more before an insurer can use this important new tool in rate filings. My customers, and the broader market struggling with insurance availability, need relief faster than that. Your Sustainable Insurance Strategy is on track to be the most significant insurance reform since Proposition 103 passed in 1988. Every aspect of it is an equally important step to restoring a healthy insurance market and increasing insurance availability statewide. This also includes allowing the net cost of reinsurance and addressing the FAIR Plan financial solvency issues that put the entire insurance market at risk.

I am encouraged to see the upcoming catastrophe modeling workshop scheduled for April 23, 2024. This workshop marks a crucial initial move towards the implementation of the Sustainable Insurance Strategy outlined last September. It's reassuring to witness the recognition of the pivotal role catastrophe modeling plays in the success of the Sustainable Insurance Strategy, particularly in accurately assessing and pricing climate-related risks, such as wildfire safety and other mitigation efforts. California stands as the sole state not currently utilizing forward-looking modeling tools to set rates, making this workshop even more significant. As an insurance agent witnessing the escalating insurance availability crisis, I stress the urgent need for swiftly implementable regulations. While the modeling regulations are a step in the right direction, the open-ended model approval process without defined time frames may result in delays of a year or more before insurers can utilize this essential tool in rate filings. The Sustainable Insurance Strategy is poised to be the most impactful insurance reform since Proposition 103 in 1988. Each element of this strategy is crucial in revitalizing the insurance market and enhancing statewide insurance availability. Addressing issues such as reinsurance costs and the financial solvency of the FAIR Plan are also imperative steps to safeguard the entire insurance market.

Dear Commissioner Lara, As a small business owner and insurance professional in California, I am excited about the upcoming catastrophe modeling workshop set for April 23, 2024. This workshop signifies a major stride towards realizing the Sustainable Insurance Strategy you unveiled last September. The recognition of the vital role catastrophe modeling plays in the implementation of the Sustainable Insurance Strategy is commendable. By accurately assessing and pricing climate-related risks, consumers can benefit from investments in wildfire safety and other mitigation efforts. It is important to note that California stands out as the sole state not currently utilizing such tools in rate-setting. The ongoing insurance availability crisis demands swift and effective regulatory action. While the modeling regulations are an important step forward, there seems to be room for improvement in the approval process of the individual models that insurers will use. The absence of specific time frames for model approval could potentially delay their utilization in rate filings, inconveniencing both insurers and customers grappling with insurance availability challenges. Your Sustainable Insurance Strategy represents a monumental reform in the insurance sector since the passing of Proposition 103 in 1988. Every facet of this strategy carries significant weight in revitalizing the insurance market and expanding insurance availability across the state. In addition to enabling the net cost of reinsurance and tackling FAIR Plan financial solvency issues, your vision shows hope for a healthier future insurance landscape in California.

Dear Commissioner Lara, I am writing to express my appreciation for the upcoming catastrophe modeling workshop scheduled for April 23, 2024. It is encouraging to see the focus on implementing the Sustainable Insurance Strategy you outlined in September. This workshop is a crucial step towards integrating modeling into rate filings and leveraging it to accurately assess climate-related risks, reflecting the investments made in wildfire safety and other mitigation efforts. As California stands as the only state not utilizing such forward-looking tools in rate-setting, the importance of this workshop cannot be overstated. The urgency for regulations that can be promptly implemented is paramount, especially given the escalating insurance availability crisis. However, there are concerns regarding the open-ended nature of the model approval process and the absence of specific time frames for approval, potentially delaying the use of these vital tools in rate filings for an extended period. Your Sustainable Insurance Strategy holds immense promise as a significant insurance reform comparable to Proposition 103 of 1988. It is crucial for every component of this strategy to be swiftly implemented to restore a robust insurance market and enhance insurance availability throughout the state. This includes addressing issues related to the net cost of reinsurance and ensuring the financial stability of the FAIR Plan to safeguard the broader insurance market from risk. Thank you for your dedication to advancing the insurance landscape in California and for your leadership in driving these essential reforms.

Dear Commissioner Lara, As a California insurance agent and small business owner, I am excited to see the upcoming catastrophe modeling workshop set for April 23, 2024. This workshop represents a crucial first step in the implementation of the Sustainable Insurance Strategy outlined last September. It is a positive sign that the California Department of Insurance (CDI) recognizes the importance of catastrophe modeling in the success of this overall strategy. Catastrophe modeling will serve as a valuable tool for insurers and consumers to accurately assess, price, and understand climate-related risks, reflecting the investments made in wildfire safety and other mitigation efforts. Currently, California is the only state not leveraging such forward-looking tools for rate setting. However, given how the insurance availability crisis is impacting the California economy, I am hopeful some details in the modeling regulations can be fine-tuned. The current open-ended approval process for individual models and lack of specific time frames could potentially delay insurers' utilization of this important tool in rate filings by a year or more. Faster relief measures are essential to meet the needs of my customers. The Sustainable Insurance Strategy has the potential to be the most significant insurance reform seen since Proposition 103 in 1988. Each element of this strategy plays a vital role in reviving a robust insurance market and enhancing statewide insurance availability. This includes critical aspects like addressing the financial solvency issues within the FAIR Plan, permitting the net cost of reinsurance, and the modeling regulations currently being considered. With optimism for the positive changes ahead, I look forward to the continued progress and implementation of these vital reforms.

Dear Commissioner Lara, I am appreciative of the upcoming catastrophe modeling workshop that is set to take place on April 23, 2024. This workshop marks a pivotal moment in the implementation of the Sustainable Insurance Strategy that was outlined in September. By recognizing the essential role that catastrophe modeling plays in insurance strategies, the California Department of Insurance is taking a significant step forward in addressing climate-related risks and improving rate filings. The utilization of forward-looking tools such as catastrophe modeling will enable insurers to better assess and price climate-related risks, taking into account investments in wildfire safety and other mitigation efforts. It is noteworthy that California, as the only state currently not utilizing such tools, is moving towards a more proactive approach in managing insurance challenges. However, in light of the ongoing insurance availability crisis, it is crucial for regulations to be swiftly enacted. The current framework of the modeling regulations, particularly in terms of the open-ended approval process and lack of specific time frames, may result in delays of a year or more before insurers can incorporate these tools in rate filings. Given the urgent need for relief within the market, expedited processes are essential. I commend the strides being made with the Sustainable Insurance Strategy, which has the potential to be the most impactful insurance reform since Proposition 103 in 1988. It is imperative that every component of this strategy be carefully considered to restore a healthy insurance market and enhance insurance availability statewide, including addressing issues related to reinsurance costs and bolstering the financial solvency of the FAIR Plan. Thank you for your dedication to advancing these critical initiatives.

Dear Commissioner Lara, I am writing to express my support and appreciation for the upcoming catastrophe modeling workshop scheduled for April 23, 2024. This workshop represents a crucial first step in the implementation of the Sustainable Insurance Strategy you outlined last September. Recognizing the essential role that catastrophe modeling plays in assessing and pricing climate-related risks, this initiative reflects a progressive approach to addressing the insurance availability crisis in California. By leveraging modeling tools, insurers will be better equipped to evaluate risks accurately and make informed decisions, ultimately benefiting from the investments made in wildfire safety and other mitigation efforts. As a California insurance agent and small business owner, I am particularly encouraged by the recognition that effective regulation needs to be quickly implementable to provide relief to the market. While I see the potential of the modeling regulations, I am concerned about the open-ended approval process for individual models, which may result in delays before insurers can utilize this critical tool in rate filings. Given the urgency of the situation, a more streamlined approach to the approval process would be beneficial for all stakeholders. I believe that your Sustainable Insurance Strategy has the potential to be a transformative reform for the insurance market in California, comparable to the impact of Proposition 103 in 1988. Addressing key issues such as insurance availability, reinsurance costs, and the financial solvency of the FAIR Plan are vital components in restoring a healthy insurance market and ensuring broader access to insurance statewide. Thank you for your dedication to advancing these important initiatives, and I look forward to the positive changes that will result from the Sustainable Insurance Strategy.

Dear Commissioner Lara, As a California insurance agent and small business owner, I am excited about the upcoming catastrophe modeling workshop scheduled for April 23, 2024. This initiative is a crucial first step in implementing the Sustainable Insurance Strategy you outlined last September. It's evident that catastrophe modeling must play a pivotal role in helping insurers accurately assess and price climate-related risks, reflecting the investments in wildfire safety and other mitigation efforts. California stands out as the only state currently not utilizing such forward-looking tools to set rates, and the urgency of the insurance availability crisis necessitates swift regulatory action. While the introduction of modeling regulations is commendable, the open-ended approval process for individual models without specific time frames for approval could result in delays of a year or more before insurers can leverage this crucial tool in rate filings. My customers and the broader market grappling with insurance availability need relief sooner rather than later. The Sustainable Insurance Strategy you have championed is poised to be the most significant insurance reform since Proposition 103 in 1988, and each aspect of it plays a vital role in revitalizing the insurance market and improving availability statewide. Addressing issues such as the net cost of reinsurance and enhancing the FAIR Plan's financial solvency are equally critical in safeguarding the overall insurance market. Here's to a future where these reforms pave the way for a healthier and more accessible insurance market in California.

Dear Commissioner Lara, As a California insurance agent and small business owner, I am excited about the upcoming catastrophe modeling workshop set for April 23, 2024. It is a positive step towards implementing the Sustainable Insurance Strategy you introduced in September. The inclusion of catastrophe modeling in the Sustainable Insurance Strategy is crucial for insurers to assess and price climate-related risks effectively. It is also crucial for consumers to understand the risks of a particular location they seek to reside in. This approach will showcase the benefits of investments in wildfire safety and mitigation efforts, ultimately aiding in the overall success of the Sustainable Insurance Strategy. California stands out as the only state not currently utilizing such modeling tools for rate setting, highlighting the importance of embracing this technology sooner rather than later. The ongoing insurance availability crisis necessitates swift regulatory action to bring relief to my customers. While the modeling regulations are a significant move, the current open-ended approval process for models could potentially delay their implementation. A more defined timeline for models to be approved for insurer use is needed to enable insurers to leverage this tool promptly in rate filings. Your Sustainable Insurance Strategy is poised to be a landmark reform in the insurance industry, and something my customers desperately need to address insurance availability. It addresses critical aspects such as reinsurance costs and the financial stability of the FAIR Plan, essential for strengthening the insurance market statewide. I’m looking forward to the positive impact these reforms will have on insurance availability and market health.

Dear Commissioner Lara, As a California insurance agent and small business owner, I am pleased with the upcoming catastrophe modeling workshop scheduled for April 23, 2024. This workshop signifies a crucial step towards the implementation of the Sustainable Insurance Strategy that was unveiled in September 2023. Recognizing the importance of catastrophe modeling in accurately assessing and pricing climate-related risks, as well as reflecting investments in wildfire safety and mitigation efforts, is a significant advance for the insurance industry in California. The utilization of forward-looking tools such as catastrophe modeling is essential for the success of the Sustainable Insurance Strategy and addressing the insurance availability crisis. Every state but California presently uses these tools to assess risk, and it is encouraging to see CDI leaning in to determine how our state can utilize these tools as well. I commend CDI's commitment to embracing innovative solutions for rate filings. However, there are concerns regarding the current modeling regulations, particularly in the approval process for individual models. The lack of specific time frames for model approval could potentially delay the implementation of this important tool for rate filings. As the insurance availability crisis worsens, timely regulations are crucial to provide relief to my customers and the broader market. The Sustainable Insurance Strategy, if fully implemented, will be the most significant insurance reform since Proposition 103 in 1988. Itis a vitally important component necessary to return to a healthy insurance market and restore insurance availability. Addressing issues such as the net cost of reinsurance and ensuring the financial solvency of the FAIR Plan is crucial to this reform effort that will benefit the entire insurance market.