Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared
Jan 27 2023 // Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into focus, and while two of the biggest players in California’s cannabis insurance market are...
Risk Strategies Deal for Tanenbaum-Harber Agency Includes California-based Firm
Jan 27 2023 // Risk Strategies, a national insurance brokerage, acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies...
Light Earthquake Confirmed in Southern California
Jan 26 2023 // A light earthquake centered offshore gave Southern California an early morning wake-up call Wednesday, the U.S. Geological Survey confirmed. There were no reports of damage. The 2 a.m. quake occurred beneath the ocean 10.6...
Suspect in Shootings in Northern California Was Agricultural Employee
Jan 25 2023 // An agricultural worker killed seven people in back-to-back shootings at two mushroom farms that had employed him in Northern California and the massacre is believed to be a “workplace violence incident,”...
Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding
Jan 25 2023 // Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses...
Alera Group Acquires Collective:Choice in California
Jan 25 2023 // Alera Group acquired Collective:Choice Insurance Solutions in Westminster, California. The Collective:Choice team will continue serving clients in their existing roles. Collective:Choice was created in 2006 to provide a...
Supreme Court Won’t Take up Applied Suit Against California Department of Insurance
Jan 24 2023 // The U.S. Supreme Court will not take up a lawsuit from Applied Underwriters Inc. over a decision by the California Department of Insurance to put its affiliate into conservatorship. The court on Monday declined to hear the...
Son Seeks $50M in California Suit for Dad’s Death From Stun Gun
Jan 24 2023 // Lawyers for the 5-year-old son of a man who died after repeatedly being shocked by Los Angeles police with a stun gun following a traffic collision filed a $50 million claim Friday for damages against the city. The legal...
California Lawsuit Claims Woman’s Death Stemmed from Disneyland Fall
Jan 24 2023 // A lawsuit claims Disneyland employees snickered at a disabled woman struggling to get off a Jungle Cruise boat before she fell and broke a leg, leading to her death from an infection five months later. The lawsuit was...
Few Homeowners Have Flood Insurance in Soaked California
Jan 23 2023 // On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of...
California County Paying $12M in Beating and Stun Gun Death
Jan 23 2023 // San Diego County will pay $12 million to settle a lawsuit by the family of a man who died after he was beaten, shocked with a stun gun and hogtied by sheriff’s deputies in 2015. The settlement approved by a judge...
California Weather Calms But Storm Damage Seen as Extensive
Jan 18 2023 // California’s weather was calmer this week after weeks of atmospheric rivers that slammed the state with damaging rains, wind and surf that flooded homes, highways and farm fields, collapsed hillsides and toppled...
AM Best Downgrades California Earthquake Authority Credit Ratings
Jan 18 2023 // AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of California...
California Lawsuit Filed over Oil And Gas Drilling Ban
Jan 18 2023 // An oil company sued the city of Los Angeles over its recent law to ban the drilling of new oil and gas wells and to phase out existing ones within city limits over the next two decades. Warren Resources filed the lawsuit...
President Approves California Disaster Declaration
Jan 17 2023 // President Joe Biden declared that a major disaster exists in California and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe winter storms, flooding and...
California Latest to Sue Drug Companies Over Insulin Prices
Jan 17 2023 // California announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars...
Tackling Threat of Mudslides in Rain Soaked California
Jan 17 2023 // Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market
Jan 17 2023 // Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing...
Former California Insurance Agent Arrested for Allegedly Stealing $90K
Jan 13 2023 // Sally Nava Kanarek, 76, of Huntington Beach, was arrested this week on multiple felony counts of financial elder abuse, grand theft of an elder, and forgery after a California Department of Insurance investigation found...
Iconic Tree Canopy in California Turns Destructive in Storms
Jan 13 2023 // On a good day, the sun shines in California’s capital city – and elms, pines, oaks and hundreds of other tree varieties fill Sacramento’s parks and line streets, fortifying the city’s reputation as the...
