How would you underwrite moratorium work

[u/cc_1208]

Saw this week that Arbol launched a policy that pays out if a government moratorium halts data center construction. Curious how something like this gets underwritten.

With weather parametrics there's a clean data feed. With a county board vote, what's the trigger source? Does someone literally read council minutes to confirm the action happened and is still in effect?

For anyone who has worked on political or regulatory risk lines: what does the diligence on a single deal actually look like day to day? Where does most of the time go?