Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
People Moves: Across American Names Barr CFO/CTO; Sobel Joins Aspire in California
Feb 9 2024 // Barr Named CFO/CTO at Across America Insurance Leah Barr joined commercial transportation insurance wholesaler Across America Insurance, headquartered in Riverside, Calif., as chief financial and technology officer. A...
Founder of AgencyPoint in California Says Many Agencies Put Accounting on Backburner
Feb 8 2024 // Many small- to mid-sized agencies aren’t putting much thought into accounting, relegating the important function to the backburner by opting to use local accountants, agency management systems that may not be...
CoreLogic: California Storms Put 543K Homes at Risk of Flash Flood Damage
Feb 6 2024 // CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood...
SpaceX Accused of Sexual Harassment as Fight With Ex-Employees Intensifies
Feb 6 2024 // Executives at Elon Musk’s SpaceX discriminated against women, joked about sexual harassment and fired workers for raising concerns, seven former employees allege in California civil rights complaints viewed by...
West Coast Insurers Warned of Billions in Losses Over Climate-Linked Investments
Feb 6 2024 // A new report warns insurance companies could face billions of dollars in losses if they stay on the current course of investments that contribute to climate change, at “a scale exceeding some of the worst wildfires...
SpaceX Accused of Sexual Harassment as Fight With Ex-Employees Intensifies
Feb 6 2024 // Executives at Elon Musk’s SpaceX discriminated against women, joked about sexual harassment and fired workers for raising concerns, seven former employees allege in California civil rights complaints viewed by...
People Moves: Venbrook in California Names Lais Chief Marketing Officer
Feb 6 2024 // Venbrook Group, LLC, based in Woodland Hills, Calif., named Brooke Norton Lais chief marketing officer. Lais will define the strategic direction and development of the company’s marketing, planning, and communication...
AccuWeather: Preliminary Damage and Loss from California Storms $9-$11B
Feb 5 2024 // The preliminary total damage and economic loss from the intense storms and record rainfall in California this week will be between $9 billion and $11 billion, according to AccuWeather estimates released on Monday. The...
Driverless Cars Covered 5x More Test Miles in California in 2023
Feb 5 2024 // Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data on...
Hub Launches High Net Worth Excess Wildfire Program in California
Feb 5 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...
Declarations
Feb 5 2024 // Natural Catastrophe Challenges “We continue to witness an increase in the severity and high-impact frequency of natural catastrophe events. These effects bring multifaceted and complex challenges to the re/insurance...
No Sugarcoating: Availability Before Affordability, California Regulator Says
Feb 5 2024 // If the old adage “As California goes, so goes the nation” is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property insurance...
Family of Slain California College Student Sues for Wrongful Death Nearly 30 Years Later
Feb 5 2024 // The family of a California college student who vanished nearly three decades ago sued the school, alleging it caused Kristin Smart’s murder through negligence. Smart, then 19, disappeared from California Polytechnic...
Uninsured California Subcontractor Charged with 30 Felony Counts
Feb 5 2024 // The California Department of Insurance is urging business owners to verify the insurance coverage for any subcontractor or vendor they do business with after trucking company owner and operator Raymond Youash, 37, of...
California Reaches $1M Settlement with Cheesecake Factory, Janitorial Contractors
Feb 5 2024 // The California Labor Commissioner’s Office reached a $1 million settlement against the Cheesecake Factory Restaurants Inc. and two janitorial contractors for reportedly underpaying 589 janitorial workers. The...
What’s to Come in 2024: Hard Market, AI Expansion, More Catastrophes, Network Consolidation
Feb 5 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the...
California’s Homeowners Insurance Shift: Population, Inflation and Admitted Insurer Exits
Feb 5 2024 // The excess and surplus lines homeowners insurance market in California has undergone significant changes in recent years. The number of policies has changed substantially in over the last decade — first increasing,...
Southern California Topped List of Catalytic Converter Theft Claims
Feb 2 2024 // The Southern California regions of Los Angeles and Orange County are again the top spots for catalytic converter theft claims. The regions topped the list for the eighth consecutive quarter in a new report of markets for...
Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims
Feb 2 2024 // Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and...
California’s 2023 Auto Registrations Highest Since 2020; New Vehicles Up 11.9%
Feb 1 2024 // Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows. The California New Car Dealers Association’s...
