Trending California Headlines
The most viewed headlines from our California Topic Page over the last 30 days.
#1 California Sees Two More Property Insurers Withdraw From Market
Apr 18 2024 // California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone...
#2 ‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO
Apr 29 2024 // Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity...
#3 California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
Apr 16 2024 // A former chiropractor was sentenced to 54 years in state prison and ordered to pay more than $23 million in fines for his role in orchestrating a massive workers’ compensation fraud scheme totaling $150...
#4 Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US
Apr 15 2024 // Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in...
#5 Billionaire Ellison Is Moving Oracle to Nashville From Texas
Apr 30 2024 // Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin. Ellison said Oracle is developing a campus in the Tennessee...
#6 How California’s Huge Raises for Fast-Food Workers Will Ripple Across Industries
Apr 17 2024 // Michaela Mendelsohn, who owns six El Pollo Loco locations serving grilled chicken and tacos in California, recently found herself raising managers’ pay by over 10% to more than $83,000 a year. With the state’s...
#7 California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll
May 2 2024 // Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District...
#8 Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
Apr 18 2024 // Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found...
#9 Wildfires Are Upending Some of the Safest Bets on Wall Street
Apr 18 2024 // When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger at...
#10 Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
Apr 18 2024 // Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud...
#11 Viewpoint: Insurers Face Added Role in Curbing Workplace Violence With California Law
Apr 25 2024 // New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger...
#12 Mercury Insurance Taking Tokio Marine’s California Personal Lines Business
May 10 2024 // Mercury Insurance on Thursday announced a plan that the Los Angeles-based carrier says will help maintain insurance availability and provide coverage for thousands of California consumers as two insurers exit the...
#13 New $20M Coverage for California Commercial Property E&S Risks in Wildfire Areas
May 8 2024 // Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20...
#14 California Insurance Broker Sentenced for Identity Theft
May 8 2024 // Robert Kirby Wells, 64, of Woodland, California, was sentenced this week to two years in prison for aggravated identity theft. Court documents show Wells was an insurance broker for a company in Denver, Colorado, that...
#15 California Department of Cannabis Control Recalling Mike Tyson Cannabis Product
Apr 16 2024 // The California Department of Cannabis Control a mandatory recall for former Heavyweight Champion Mike Tyson’s branded cannabis product, Tyson Undisputed Cannabis Flower, due to a contamination with mold. The mold in...
#16 Ring in California Paying $5.6M to Customers as Part of Privacy Settlement
Apr 30 2024 // The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access. In...
#17 Workers’ Comp Rating Bureau of California Governing Committee Oks Higher Pure Premium Rate Filing
Apr 17 2024 // The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2024 Pure Premium Rate Filing to the California Insurance...
#18 Omaha National Acquires Sutter Insurance in California
Apr 24 2024 // Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty Co. Omaha National also owns Omaha National Insurance Co., which is...
#19 California Business Owner Ordered to Pay $687K in Restitution for Workers’ Comp Fraud
May 3 2024 // A California business owner convicted of felony workers’ compensation insurance fraud was ordered to pay $687,560 in restitution to the victims. An investigation by the California Department of Insurance determined...
#20 California Lawsuits Say Fertility Operation Destroyed Embryos
Apr 19 2024 // Several lawsuits in California were filed against Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s...
