Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California’s Fair Plan Balks at State’s ‘Misguided’ Order to Expand Coverage
Nov 18 2019 // The insurers behind California’s Fair Plan, the insurance market of last resort for homeowners, think it’s a bad idea to broaden the coverages available from the Fair Plan beyond basic dwelling fire insurance,...
PG&E Warns of Possible Northern California Blackouts at Mid-Week
Nov 18 2019 // PG&E Corp. is warning a quarter-million homes and businesses could lose power in northern California starting Wednesday as high winds return to the region. A fire weather watch has been issued by the National Weather...
Boosting Resilience to U.S. Wildfires Should Be Insurance Industry Priority: I.I.I.
Nov 18 2019 // Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information...
Business Moves
Nov 18 2019 // East Brown & Brown of Massachusetts, Yozell Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its...
California Cannabis Group Asking for Tighter Vaping-Safety Rules
Nov 18 2019 // An alliance of major legal marijuana businesses in California urged the state in early November to adopt tougher safety rules for ingredients and devices used in vaping and get tougher with illegal shops, amid an outbreak...
California School District Paying $28M After Boy Hit by Car
Nov 18 2019 // A Southern California school district will pay $28.5 million in damages after a boy with special needs was hit by a car and severely injured while under the supervision of school personnel, attorneys said. A judge...
Beer Dissing California Utility PG&E Brewing Backlash
Nov 15 2019 // Anger over devastating California wildfires sparked by Pacific Gas & Electric power lines is coming to a head – in a beer. And an outcry is brewing. Steve Doty, owner of Shady Oak brewery in Santa Rosa, announced a...
Hartford InsurTech Hub Welcomes Top Startups for 2020
Nov 15 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has announced its 2020 cohort of startups. The past two cohorts have consisted of ten startups, and with the help of the Hub’s partners, the accelerator program...
Wall Street Taking Closer Look at Climate Change Risks
Nov 15 2019 // In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting...
California Insurance Commissioner OKs Workers’ Comp Pure Premium Reduction
Nov 14 2019 // California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective...
California Commissioner Orders FAIR Plan to Increase Homeowners Coverage Options
Nov 14 2019 // California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance...
California Trucking Association Suing over New Independent Contractor Law
Nov 14 2019 // The California Trucking Association and two California independent owner-operator truck drivers have filed an amended complaint with the U.S. Southern District Court seeking declaratory and injunctive relief against...
Golden Bear in California Names Shreve Vice President
Nov 14 2019 // Golden Bear Insurance Co. in California has named Gary Shreve vice president and primary casualty manager. Shreve has more than 30 years of experience. He began his career with the Aetna Casualty & Surety Co. as a...
Mercury Adds Landlord Insurance in California
Nov 14 2019 // Mercury Insurance has introduced landlord insurance in California designed to help protect people with rental properties. Landlord insurance covers the costs to repair rental properties if they’re damaged by fires,...
Ringleader of Family Arson Crew in California Pleads Guilty in $4M Operation
Nov 13 2019 // Tyler Chen, 48, pleaded guilty this week in the Santa Clara County Superior Court in California following his arrest on multiple felony counts of insurance fraud and arson for his role in setting fires in a $4 million...
Introducing School of Risk Management and Insurance at Cal State University Fullerton
Nov 13 2019 // What’s in a name? In one case, a new name – one with all the sex appeal that “insurance” can add to a title – has people like Framroze Virjee, president of California State University Fullerton,...
AM Best Comments on California Insurance Co. Ratings Following Regulatory Action
Nov 13 2019 // AM Best on Wednesday said the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of California Insurance Co. and its pooled insurance affiliates, collectively referred to...
Widow Sues Dive Boat Owner in Fire off California That Killed 34
Nov 13 2019 // The widow of a passenger who died in a fiery dive boat disaster that killed 34 people in the waters off California sued the vessel’s owners this week. Christine Dignam, whose husband, Justin Dignam, died when the...
PURE Programs Launches California High Wildfire Risk Homeowners Program
Nov 13 2019 // PURE Programs has launched a new High Wildfire Risk Homeowners Insurance program, with coverages for retail insurance brokers serving clients that own high value homes in California at greater-risk of loss from...
California Agent Arrested for Allegedly Leaving Client Uninsured in 2018 Mudslides
Nov 12 2019 // California Department of Insurance detectives this week arrested insurance agent Mark Lynch, 40, on 13 felony counts of grand theft, embezzlement, and money laundering after allegedly collecting over $72,425 in insurance...
