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Moody鈥檚 Wildfire Risk Model Successfully Completes California Department of Insurance Review Process

Advanced catastrophe model will support a more resilient insurance market

NEW YORK--(BUSINESS WIRE)-- Moody鈥檚 Corporation (NYSE:MCO) announced today that the Moody鈥檚 RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California鈥檚 Sustainable Insurance Strategy aimed at stabilizing the state鈥檚 property insurance market.

The Moody鈥檚 wildfire risk model will allow insurers to leverage the model鈥檚 advanced, science-driven analytics to assess and price wildfire risk. This enhanced risk assessment is designed to support a more resilient and accessible insurance market 鈥� particularly in wildfire-prone areas.

鈥淎t Moody鈥檚, we are committed to providing markets with transparent, scientifically rigorous tools to decode today鈥檚 interconnected risks,鈥� said Michael Steel, Head of Insurance Solutions at Moody鈥檚. 鈥淭oday鈥檚 milestone marks a significant step forward in addressing the complexities of wildfire risk and promoting greater resilience for insurers, regulators, and homeowners alike.鈥�

The Moody鈥檚 RMS U.S. Wildfire Model v2.0 represents a major advance in capturing the complexities of wildfire behavior, including extreme urban conflagration events. A key feature of the model is its ability to directly account for property-level and community-wide mitigation efforts. By incorporating property-specific data aligned with California regulations, the model will empower insurers to recognize and reward homeowners for risk-reduction efforts, creating tangible incentives that strengthen resilience.

Moody鈥檚 RMS U.S. Wildfire Model v2.0 was reviewed under the CDI鈥檚 rigorous Pre-Application Required Information Determination procedure, which includes extensive examination of its hazard, vulnerability, and actuarial components. Already in use by leading global insurers, reinsurers, and financial institutions, the model is available on the Moody鈥檚 RMS Intelligence Risk Platform鈩� along with Risk Modeler鈩� and ExposureIQ鈩� to support a full range of wildfire risk management activities.

About Moody鈥檚 Corporation
In a world shaped by increasingly interconnected risks, Moody鈥檚 (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody鈥檚 gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at .

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Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody鈥檚 business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this document are made as of the date hereof, and Moody鈥檚 undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. Factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody鈥檚 actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under 鈥淩isk Factors鈥� in Part I, Item 1A of Moody鈥檚 annual report on Form 10-K for the year ended December 31, 2024, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company鈥檚 actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company鈥檚 business, results of operations and financial condition.

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For Moody鈥檚 Investor Relations:

Shivani Kak

Moody鈥檚 Corporation

+1 212-553-0298

[email protected]

For Moody鈥檚 Communications:

Kibui Pyron

Moody鈥檚 Corporation

+1 212-553-0935

[email protected]

Source: Moody鈥檚 Corporation