The average gap between the insurance payouts offered to Pacific Palisades residents who lost their homes in last year’s fire versus what it will cost them to rebuild shakes out to $603 per square foot, or $1.5 million in total, according to dozens of client case studies by AI startup ClaimArchitect. That’s a gap that state insurance commissioner hopefuls are eager to fill, which is why Mike Furnari recently hosted a forum where candidates for the position laid out their visions for maintaining a healthy insurance market. Furnari is one of ClaimArchitect’s founders, and he lost his own home in […]
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