{
  "$schema": "https://bestinsuranceresearch.com/llms-full.txt",
  "recordType": "source",
  "id": "cdi-cat-model-2024",
  "canonicalUrl": "https://bestinsuranceresearch.com/sources/cdi-cat-model-2024",
  "contentVersion": "2026.08.31",
  "generatedFor": "2026-09-06",
  "operator": {
    "legalName": "WJB Services, Inc.",
    "dba": "Bollinsure Insurance Services",
    "license": "6013787",
    "licenseAuthority": "California Department of Insurance"
  },
  "license": "Text on this page may be quoted with attribution and a link to the canonical URL.",
  "notice": "Public page facts only. This record contains no visitor question, no tool input, and no identifier. It is not a coverage determination, an eligibility decision, or individualized advice.",
  "title": "Commissioner Lara issues landmark regulation to expand insurance access for Californians amid growing climate risks (Release 065-2024)",
  "publisher": "California Department of Insurance",
  "url": "https://www.insurance.ca.gov/0400-news/0100-press-releases/2024/release065-2024.cfm",
  "officialHost": true,
  "sourceType": "regulator-guidance",
  "authorityLevel": "regulator",
  "primary": true,
  "jurisdiction": "CA",
  "publishedDate": "unknown",
  "effectiveDate": "n/a",
  "accessedDate": "2026-08-31",
  "lastChecked": "2026-08-31",
  "updateCadence": "Re-verify against the adopted regulation text and any subsequent amendments.",
  "status": "active",
  "supportsClaims": [
    {
      "claimId": "cdi-cat-model-2024#c1",
      "canonicalUrl": "https://bestinsuranceresearch.com/sources/cdi-cat-model-2024#c1",
      "checksum": "42da61159aab",
      "text": "The Department states that Commissioner Lara announced on December 13, 2024 that he had finalized a wildfire catastrophe modeling regulation, which permits the use of forward-looking catastrophe models in ratemaking."
    },
    {
      "claimId": "cdi-cat-model-2024#c2",
      "canonicalUrl": "https://bestinsuranceresearch.com/sources/cdi-cat-model-2024#c2",
      "checksum": "c14e17cc9ac8",
      "text": "The Department states that all homeowners insurance companies must increase the writing of comprehensive policies in wildfire distressed areas equivalent to no less than 85 percent of their statewide market share."
    },
    {
      "claimId": "cdi-cat-model-2024#c3",
      "canonicalUrl": "https://bestinsuranceresearch.com/sources/cdi-cat-model-2024#c3",
      "checksum": "5ed3c60ee40e",
      "text": "The Department describes the net cost of reinsurance in ratemaking regulation announced in this December 30, 2024 release as the final major element of the reform package, and uses the phrase Sustainable Insurance Strategy for the overall effort."
    }
  ],
  "reliedOnBy": [
    {
      "kind": "State",
      "title": "California",
      "url": "https://bestinsuranceresearch.com/states/california"
    }
  ],
  "reliedOnByCount": 1,
  "citation": {
    "text": "California Department of Insurance. \"Commissioner Lara issues landmark regulation to expand insurance access for Californians amid growing climate risks (Release 065-2024).\" unknown. https://www.insurance.ca.gov/0400-news/0100-press-releases/2024/release065-2024.cfm (retrieved 2026-08-31).",
    "viaThisSite": "BestInsurance Research source record cdi-cat-model-2024, content version 2026.08.31. https://bestinsuranceresearch.com/sources/cdi-cat-model-2024",
    "note": "Cite the underlying source when you can. Cite this record when you are describing our synthesis or our claim list."
  }
}