Navigating the California Insurance Crisis: How NETCLO Offers a Path Forward

The California insurance market is currently facing an unprecedented crisis. Homeowners are seeing non-renewals and soaring premiums, particularly in areas prone to wildfires. This situation stems from a confluence of factors including increased wildfire risk due to climate change, rising reinsurance costs for insurers, and regulatory constraints. NETCLO is stepping in by providing a more granular and dynamic way to assess property-specific risk. Instead of broad-stroke underwriting based on zip codes, our AI analyzes individual properties using visual data and multiple risk factors. This allows for fairer pricing and can help identify properties that, despite being in higher-risk general areas, are themselves well-mitigated and insurable. Our goal is to bring more capacity back to the market by giving insurers the confidence to write policies based on precise, real-time intelligence. This approach not only benefits homeowners but also supports a healthier, more stable insurance ecosystem for the entire state. We believe that technology and data are key to navigating this crisis and ensuring Californians can protect their homes.