Overview

• 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.