California Insurance Summit Seeks Global Solutions to Crisis

State officials and industry leaders gather to address escalating insurance premiums and coverage issues.

California Insurance Commissioner Ricardo Lara and Farmers Insurance CEO Raul Vargas co-host the Global Sustainable Insurance Summit in Los Angeles.
The summit focuses on innovative solutions like catastrophe modeling to address the state's insurance challenges.
Industry leaders discuss the need for global perspectives and collaboration to tackle insurance issues exacerbated by climate change.
Regulatory changes and increased data sharing among key strategies proposed to stabilize the insurance market.
The summit highlights the financial risks posed by the climate crisis and its impact on insurance industries worldwide.