Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions
Sep 22 2023 // California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and public meetings exploring...
Arthur J. Gallagher Acquires Ace Commercial in California
Sep 22 2023 // Arthur J. Gallagher & Co. acquired Corona, California-based Ace Commercial Insurance Center. Jackie Hoang, Anhdy Nguyen and their team will remain in their current location under the direction of Scott Firestone, head...
California Truck Drivers Ask Governor to Sign Job-Saving Bill as Self-Driving Big Rigs Are Tested
Sep 21 2023 // California lawmakers, union leaders and truck drivers are trying to steer Democratic Gov. Gavin Newsom toward signing into law a proposal that could save jobs as self-driving trucks are tested for their safety on the...
People Moves: CSAA in California Names Pugh EVP and CIO; Kerfoot Joins Alliantin Hawaii
Sep 21 2023 // CSAA Insurance Group Promotes Pugh to EVP and CIO CSAA Insurance Group, headquartered in Walnut Creek, Calif., promoted Todd Pugh to executive vice president and chief information officer, overseeing all aspects of the...
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Sep 20 2023 // Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and...
Environmental Groups Urge Regulators to Shut Down California Reactor Over Safety Concerns
Sep 19 2023 // Environmental groups called on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and...
Thieves Swarm Luxury Malls in Southern California and Other Areas, Driving Retail Crime to $100B
Sep 19 2023 // It took just minutes for more than 20 thieves, clad in hoods and masks, to swarm the Nordstrom store in the Westfield Topanga shopping center and make off with $300,000 of handbags and other luxury items. A security guard...
California Suit Says Oil Giants Deceived Public on Climate, Seeks Funds for Storm Damage
Sep 18 2023 // The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and...
2023 to Test Recent Growth in Private Flood Insurance Market
Sep 18 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California, as well as future storms that may come during the remainder of the Atlantic hurricane...
Agency Partnerships: Then and Now
Sep 18 2023 // The first agency networks and partnership groups began in the 1970s, mostly to combine books of premium to access markets at a larger scale. Today, the reasons agencies join forces have moved far beyond combined premium,...
Business Moves
Sep 18 2023 // East One80 Intermediaries, GMI Insurance One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial...
Removing Barriers to CAT Risk Modeling Will Slow Insurer Flight From High-Risk Areas
Sep 18 2023 // Technology has been embraced in a variety of ways within the homeowners’ insurance market. Many aspects of the claims process have been automated, insurers are utilizing more climate data than ever before to predict...
Gas Leak Forced Evacuation of Southern California Homes
Sep 15 2023 // A Southern California neighborhood was evacuated for more than six hours early Thursday due to a large leak of natural gas from an underground pipe, authorities said. The leak was detected around 1:30 a.m. in...
California Regulators Propose Higher Rates for PG&E Customers to Reduce Wildfire Risk
Sep 15 2023 // Power bills for about 16 million people in Northern California will likely increase after state regulators released two rate proposals for one of the nation`s largest utilities. The California Public Utilities Commission...
Mercury Introduces New Umbrella Policy as Bodily Injury Costs Rise in California
Sep 15 2023 // Mercury Insurance is introducing a new personal umbrella insurance policy for Californians that is designed to offer extra protection with bolstered coverages as the company notes that bodily injury payouts continue to...
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Sep 14 2023 // Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round...
California Lawmakers Approve Nation’s Most Sweeping Emissions Disclosure Rules for Big Business
Sep 13 2023 // Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed...
California Fast Food Workers Getting $20 Minimum Wage Under Labor and Industry Deal
Sep 12 2023 // Most fast food workers in California would get a $20 minimum wage next year, a nearly $5 per hour raise, under a deal announced this week between labor unions and the industry that will avoid a costly referendum on the...
California School District Paying $2.25M to Settle Suit Involving Teacher Who Had Student’s Baby
Sep 12 2023 // A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant by one of at least two students she was accused of sexually abusing. The settlement brings...
The Value of Wildfire Simulations in Enterprise Risk Management
Sep 12 2023 // This post is part of a series sponsored by CoreLogic. Going beyond historical data brings clarity to the future of wildfire risk Welcome to the second installment of our four-part series on wildfire hazard and enterprise...
