California Introduces Bill, Offset Costs When Disaster Strikes

In a newly introduced bill, California government officials would be able to purchase insurance or other risk transfer products to help cover the costs associated with natural disasters. The focus of the potential bill is to offset the financial burden of the California wildfires. This is bill is important to our client, Risk Management Solutions (RMS). RMS is the world’s leading risk modeling and analytics firm that sells software to evaluate and manage catastrophe risks throughout the world. If the bill passes, the state of California will be responsible for choosing the best software solution to implement. Could it be RMS? With their recent release of a wildfire model, to address the risk of wildfire across the United States, it makes them a great candidate.

To learn more about the bill, please click below.