Insurance technology news from Coalition, Farmers Insurance, Acrisure and more. (Credit: ESB Professional/Shutterstock)
Farmers Insurance selected Zesty.ai's wildfire risk scoring model into its homeowners insurance underwriting processes, which will selectively expand opportunities for coverage for California residences located in certain wildfire-risk areas. In conjunction with this approval, Farmers will be introducing an innovative approach to help manage its statewide exposure by assessing individual wildfire risks to homes on a more granular basis, while evaluating its overall wildfire risk exposure in various parts of the state.
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