Allstate may write new policies if Calif. changes rules
The insurer pledged to resume writing homeowner policies in California if the state allows the use of computer programs to predict losses from wildfires.
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The insurer pledged to resume writing homeowner policies in California if the state allows the use of computer programs to predict losses from wildfires.
That statement came during a public hearing on rule changes, which would allow insurance companies to estimate future risks when asking the department to increase prices.
Consumer advocates and insurance firms clashed at a state hearing over plans to use complex computer simulations to set homeowners' premiums.
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