Yesterday, ZestyAI Founder & CEO Attila Toth gave remarks before the California Department of Insurance in a public hearing regarding mitigation in rating plans and wildfire risk models. In his speech, he focused on building a regulatory framework that uses property characteristics that are grounded in historical data. He also offered several key learnings from approximately five years of wildfire research with partners including the Insurance Institute for Business & Home Safety (IBHS).
You can read Attila Toth’s full written testimony here.
ZestyAI offers insurers and real estate companies access to precise intelligence about every property in North America. The company uses AI, including computer vision, to build a digital twin for every building in North America, encompassing 200B property insights accounting for all details that could impact a property’s value and associated risks, including the potential impact of natural disasters. Visit https://zesty.ai for more information.