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ZestyAI Partners with CSAA Insurance Group on Wildfire Model
As wildfires continue to threaten states across the U.S., ZestyAI, a leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), has partnered with CSAA Insurance Group for wildfire risk assessment. To help gauge property-level wildfire risk, CSAA plans to integrate ZestyAI’s Z-FIRE™ into underwriting and rating processes for homeowners’ insurance.
“With climate change altering the face of insurance, AI is an increasingly important tool for forward-thinking insurers,” said Attila Toth, founder, and CEO of ZestyAI. “We are committed to supporting CSAA on its journey to offering innovative products that are backed by data-driven risk analysis.”
The partnership of ZestyAI and CSAA Insurance Group comes as wildfires continue to cause destruction in multiple states across the country. Z-FIRE™ provides wildfire risk scores for all properties in the 48 contiguous U.S. states. In addition, a joint study by the Insurance Institute for Business & Home Safety (IBHS) and ZestyAI, which studied more than 71,100 wildfire-exposed properties, found that property owners who clear vegetation from the perimeter of their home or building can nearly double their structure’s likelihood of surviving a wildfire.
“Our goal is to continuously find better ways to serve our policyholders,” said Rick Lanter, senior vice president of product strategy and development for CSAA Insurance Group. “By broadening our understanding and application of AI, we expect to more accurately estimate wildfire risks in support of our customers.”
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