Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
PG&E to Use California Wildfire Victims Fund to Pay for Past Crimes
Mar 30 2020 // Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking money away from a fund...
PG&E’s Falling Stock Price Worries California Wildfire Victims Eyeing Deal
Mar 27 2020 // The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric’s $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time...
California Commissioner Wants Data on Business Interruption Coverage
Mar 27 2020 // California Insurance Commissioner Ricardo Lara has directed insurance companies to submit data to the California Department of Insurance regarding coverage of commercial business interruption related to COVID-19. It is...
Just in California Announces Telematics Product for Low-Income Drivers
Mar 27 2020 // Los Angeles, Calif.-based Just Auto Insurance Inc. has launched a telematics-based auto insurance for lower income consumers. Just’s pricing model is based on an in-house telematics model, which uses data from more...
Cannabis Deemed an ‘Essential’ Business. Will Insurance Landscape Change?
Mar 26 2020 // It’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels at adult use cannabis stores in the U.S. showed a quick decline after the COVID-19 crisis...
K2 Insurance Services in California Names Smith President
Mar 25 2020 // San Diego, Calif.-based K2 Insurance Services LLC has named Mark Smith president. He has nearly 30 years of insurance experience, including underwriting, actuarial and finance leadership roles. He most recently spent four...
Overturned Tanker Yields Large Oil Spill Near California Dam, Cleanup Needed
Mar 25 2020 // A tanker truck overturned down an embankment, spilling up to 6,000 gallons of crude oil into a river that flows into a dam and reservoir near the city of Santa Maria, authorities said. The driver was no injured and the...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus
Mar 25 2020 // As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A....
M4.7 Earthquake Confirmed off Coast of Northern California
Mar 24 2020 // A magnitude 4.7 earthquake struck Sunday morning off the coast of Northern California, the U.S. Geological Survey confirmed. The quake hit at 8:27 a.m. about 50 miles west of Ferndale, a coastal town of 1,300 people. A...
PG&E Will Plead Guilty to Involuntary Manslaughter in California Wildfire
Mar 24 2020 // Pacific Gas & Electric said it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 fire in Northern California that killed 84 people and decimated three towns. The utility said in a...
California’s State Fund Announces Credit Extensions, Moratorium on Cancellations
Mar 23 2020 // California’s State Compensation Insurance Fund announced several steps to support policyholders during the COVID-19 crisis, including a moratorium on policy cancellations and late payment penalties. State Fund also...
Cannabis Home Delivery Surges in California Amid Outbreak
Mar 23 2020 // One company rushed to expand its delivery fleet. Another has seen sales triple. The global coronavirus pandemic has left millions of people locked out of bars, restaurants and theaters, but it’s been an unexpected...
California Employees Who Bring Labor Claims Can’t Recover for Their Unpaid Wages
Mar 23 2020 // The California Supreme Court has ruled that plaintiffs in Private Attorney General Act cases cannot recover for their own or their fellow employees’ unpaid wages, but are limited to recovering civil penalties set...
California Legislative Recess Leaves Wildfire Plan in Limbo
Mar 22 2020 // Californians statewide are huddled at home under a “shelter-in-place” order handed down March 20 by Gov. Gavin Newsom to stem the spread of the COVID-19 virus. Unfortunately, nature does not take a break for...
FTP of California Continues Growth Trend with Expanded Limit Exclusive Property Program
Mar 20 2020 // San Diego, CA, March 19, 2020 – FTP of California, LLC, announced today a new property program with high limits and extreme flexibility in risk coverage. The exclusive program is backed by A.M. Best ‘A’ rated...
California Places All Residents Under ‘Stay at Home’ Order
Mar 19 2020 // California’s governor on Thursday issued an unprecedented statewide “stay at home order” directing the state’s 40 million residents to hunker down in their homes for the foreseeable future in the...
Report: Climate Change Requires a ‘Rethink’ of How Catastrophic Events are Funded
Mar 19 2020 // Severe weather events and demographic challenges will continue to strain government finances, a trend that will require “a rethink of how catastrophic events are funded” and push the need for greater use of...
California Calling for 60-Day Premium Grace Period Amid COVID-19 Outbreak
Mar 19 2020 // California Insurance Commissioner Ricardo Lara is asking insurers for a grace period on paying premiums. Lara today issued a notice requesting that all insurance companies provide their policyholders with at least a 60-day...
Cisco Systems Agrees to Resolve Alleged Pay Discrimination in California
Mar 19 2020 // Cisco Systems Inc. has agreed to pay $2 million in lost wages and interest to affected employees in San Jose, Calif., and provide at least $2.7 million in pay-equity adjustments to its employees nationwide in the next five...
California Department of Insurance Has Man Extradited from Poland in $2.6M Fraud Ring
Mar 19 2020 // California Department of Insurance detectives took Yeghishe Msryan, 67, into custody after he was arrested in Poland and extradited back to Los Angeles by the U.S. Marshals Service for his alleged involvement in an...
