Regulatory & Actuarial Disclaimers
Disclosures regarding catastrophe modeling methodologies, technology provider scope, and regulatory rating compliance.
1. Underwriting Technology & Non-Carrier Disclaimer
VesperSpatial Technologies Inc. is an underwriting intelligence, spatial catastrophe risk modeling, and actuarial rating software platform.
VesperSpatial does not solicit, sell, negotiate, or bind insurance policies. All rate indications, hazard indices, and risk scores generated by the platform are purely analytical decision-support tools provided to authorized insurance carriers, Managing General Agents (MGAs), and program administrators. All policy binding decisions, rate filings, and policyholder servicing remain the sole statutory responsibility of licensed underwriting entities.
2. CDI "Safer from Wildfires" Compliance
In accordance with California Insurance Code § 2644.9 (CDI Wildfire Mitigation Regulations), the Delphi-1.0 engine incorporates structural hardening criteria (Class-A fire-resistant roofing, enclosed eaves, dual-pane tempered glass) and 0–100ft defensible space fuel clearances. Carriers utilizing VesperSpatial rating factors maintain compliance with mandatory consumer mitigation discount disclosures.
3. Catastrophe Modeling Limitations
Spatial hazard scores and Probable Maximum Loss (PML) calculations are mathematical models based on satellite telemetry (NASA FIRMS), meteorological reanalysis (ECMWF ERA5), and elevation topography (USGS 3DEP). While calibrated against 26+ years of empirical loss data, natural catastrophe events are stochastic and subject to climatic variability. Outputs represent statistical estimations and should be utilized in conjunction with sound professional underwriting judgement.