Insurance Model Advisor and Pre-Application Required Information Determination Procedure
In a significant move to protect California consumers and address the pressing challenges posed by climate change, Insurance Commissioner Ricardo Lara has unveiled the state's Sustainable Insurance Strategy. This ambitious strategy is aimed at safeguarding the overall health of the insurance market, comprised of consumers, homeowners and business owners, while ensuring long-term sustainability. California's Sustainable Insurance Strategy represents a proactive and comprehensive approach to safeguarding the interests of Californians in the face of climate change challenges, fostering a sustainable insurance market that will benefit consumers and businesses across the state.
Catastrophe modeling is one component of the Sustainable Insurance Strategy, and the Department finalized new regulations on catastrophe models in December 2024. This webpage contains information on the Pre-Application Required Information Determination Procedure (PRID).
Petitions for the Pre-Application Required Information Determination Procedure (PRID) will be accepted starting January 2, 2025.
Petitions to initiate a Pre-Application Required Information Determination (PRID) Procedure, responses to petitions to initiate a PRID procedure, and petitions to participate in a PRID procedure, should be sent to: CDImodeladvisor@insurance.ca.gov
For additional information please see: PRID procedure Q&A or the adopted regulatory text.
Public Notices
Karen Clark & Company
- Petition for PRID initiation and participation (January 15, 2025)
- UPCOMING: Responses to Petition for PRID initiation must be submitted by January 22nd, 2025
CoreLogic
- Petition for PRID initiation and participation (January 13, 2025)
- UPCOMING: Letter Ruling on Petition for PRID initiation release by January 31st, 2025
Moody’s
- Petition for PRID initiation and participation (January 3, 2025)
- UPCOMING: Letter Ruling on Petition for PRID initiation release by January 23rd, 2025
Verisk Extreme Event Solutions
- Petition for PRID initiation and participation (January 2, 2025)
- Letter Ruling on Petition for PRID initiation (Noticed January 22nd, 2025)
- UPCOMING: Petitions for participation in the PRID procedure must be submitted by January 29th, 2025
Initial Checklist for PRID Procedure
