Farmers Insurance Adopts’s Z-FIRE Wildfire Risk Scoring Model

(Image source: Pixabay.) 

Farmers Insurance (Woodland Hills, Calif.) has integrated’s (Oakland, Calif.) Z-FIRE wildfire risk scoring model into its homeowners’ insurance underwriting processes, enabling the carrier to selectively expand opportunities for coverage for residences located in certain wildfire-risk areas. In conjunction with recent approval from the California Department of Insurance (CDI), Farmers says it will be introducing an innovative approach to help manage its statewide wildfire 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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