Thousands of California residents who only can buy homeowners policies through the state’s last-resort insurance program will now be eligible for Farmers Insurance coverage.
Farmers’ ability to offer insurance is related to a partnership with the startup Zesty.ai, which will enable Farmers to use artificial intelligence incorporating high-resolution aerial imagery, building-material and code data and location details to size up instantly an individual property’s risk of wildfire losses, said Attila Toth, founder and chief executive of Zesty.ai.
Farmers expects to add about 30,000 policyholders over the next year through the technology. The insurer is one of the state’s largest carriers, with more than 1.5 million California residential policyholders.susceptible to wildfires, sending homeowners to the California FAIR Plan for their coverage.
Farmers will continue to use a longtime model that assesses the wildfire risk of the geographic area around a property, said Keith Daly, president of personal lines for Farmers. By adding Zesty.ai’s technology, the insurer will be able to take a more targeted approach, he said. While a particular area might have a higher risk of fire, a property within that area might not have the same level of risk.
“We are trying to create a solution” for homeowners who are struggling to buy insurance, Mr. Daly said.
comments are free bulletins.. on topic tho, isn’t fire already covered? Or is this measurably more expensive and .. wait shouldn’t the insurance co use the funds to prevent fires then? of course not as they have no funds and encourage cash compensation for disaster. hum aQ
glitchbotio my design, please leave a comment. Do you need a logo or brand identity design? Send me the DM now! Contact me if you need a logo
Happy making money from home despite this whole pandemic I kept making money chloe_fxpro
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | BP Considers Spinning Off Iraq OperationsBP is working on a plan to spin off its operations in Iraq into a stand-alone company, according to people familiar with the matter, as the oil giant pivots toward lower-carbon energy
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Biden Administration to Give Hospitals More Time to Spend Covid-19 Relief MoneyThe Biden administration plans to give some healthcare providers more time to spend emergency coronavirus money, after hospitals and lawmakers asked for an extension good luck US backed Saudi-led genocide war on Yemen resulted in 4 million IDPs, 7 million malnourished persons most of them are under 5 kids and PLWs We must speak up to stop this barbaric war and end the suffering of 30.8 millions Yemeni affected since 2015 EndTheYemenWar
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Spotify Eyes Top Podcaster Alexandra Cooper, ‘Call Her Daddy’ Show for $20 MillionSpotify is nearing a deal to bring the podcast “Call Her Daddy” to the streaming service in an exclusive licensing deal that could be valued at about $20 million, people familiar with the matter say Sophia missed out lol I am happy that I made the right choice by investing in your platform. You can make money from bitcoin with the right guidance DM my account manager for more info Christbitco Doesnt barstool still maintain the trademark and IP? Does she have to call it something else?
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Hedge-Fund Manager Who ‘Came Undone’ Is Headed to PrisonDan Kamensky broke bankruptcy laws in an angry text and phone calls over a few hours in a long-running fight over the assets of struggling retailer Neiman Marcus. good For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alex_jnns01 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Music Publishers Sue Roblox for Letting Game Creators Use Unlicensed SongsA group of music publishers representing songwriters for Ed Sheeran, Ariana Grande and the Rolling Stones is suing videogame company Roblox for copyright infringement, alleging it used their music without permission or payment TamimBinHamad qatarnews PakPMO qatarairways icao QatarNewsAgency QCivilAviation CAAPakistan QatarAirways refused Passgr Saqibsawar Satti Booking Ref NGE4AK to board in flightQR633 from IIAP on 6-6-21despite confirmed booking &all document.Take action.M.Sawar 03335143704 Couple of months ago I came across a recommendation about Jacobsongreg93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | AMC Bet by Hedge Fund Unravels Thanks to Meme-Stock TradersHedge fund Mudrick Capital was making money on AMC. Then it angered meme-stock traders—and its flagship fund lost 10% in just a few days. plebs together st.... Maybe don’t hedge bonds with selling call options on stock And if you lift your core position you should lift your hedges, sometime hedges first. Liquidate illiquid then liquid products.
Source: WSJ - 🏆 98. / 63 Read more »