Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Will California See More Laws and Regulations in Wake of Wildfires?
Dec 3 2018 // Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
California Seizes Small Insurer Merced P&C Due to Wildfire Claims
Dec 2 2018 // California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed...
Modeler: Insured Losses from Woolsey Fire in Southern California at Least $2.5B
Nov 30 2018 // Catastrophe risk modeling firm AIR Worldwide on Friday said it estimates that insured losses from the Woolsey Fire in Southern California will be at least $2.5 billion. Moody’s on Thursday released estimates showing...
California Mobile Home Residents Awarded $34M in Suit over Living Conditions
Nov 30 2018 // A jury has awarded $34 million in damages to 51 current and former residents of a Southern California mobile home park they say is rife with problems including sinkholes, sewage backups and rats. The Los Angeles Times...
California Regulator Requiring PG&E to Implement Safety Recommendations
Nov 29 2018 // California’s top utilities regulator on Thursday ordered the embattled power utility Pacific Gas and Electric Co. to implement safety recommendations the agency’s staff outlined in an independent third-party...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
Insurtech Oyster Opens up Its Pay-as-You-Go Workers’ Comp Model in California
Nov 29 2018 // A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East...
California OKs $16.3M Rate Reduction for Earthquake Policyholders
Nov 29 2018 // California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of...
USG Names Sewell AVP in Southern California
Nov 29 2018 // USG has named Larry Sewell business development assistant vice president in the Irvine, Calif. branch. Sewell will support the overall effort to expand USG’s Southern California footprint. He will also be a part of...
Moody’s Says California Wildfire Losses Will Impact P/C Insurer, Reinsurer 4Q Earnings
Nov 29 2018 // Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California wildfires, which destroyed more than 20,000 residential and...
Fitch Warns of Negative Credit Effects on Reinsurance from California Wildfires
Nov 28 2018 // The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities if IOU equipment is found to have ignited the fires. And...
Small Quake Rattles West Central California Valley
Nov 28 2018 // A magnitude-4.0 earthquake rattled the rural west side of the San Joaquin Valley early, the U.S. Geological Survey confirmed. No damages were reported. The USGS reported the temblor occurred at 5:07 a.m. on Tuesday and was...
NAS Names D’Anna Chief Financial Officer in California
Nov 28 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
PG&E Decided Not to Cut Power as Winds Raged Before California Wildfire
Nov 28 2018 // In the days before California’s deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off electricity in the area,...
Managing Natural Disasters Becomes Priority for Nation’s Governors
Nov 28 2018 // Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could...
Report Puts Losses from California Wildfires at $15B to $19B
Nov 27 2018 // Total losses from the wildfires in Northern and Southern California could reach from $15 billion to $19 billion, a report out on Tuesday shows. The report from industry data provider CoreLogic shows total losses from the...
Bill to Give PG&E Relief from California Wildfire Burden Nears, But Long-Term Fix Elusive
Nov 27 2018 // PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. An assemblyman plans to introduce a bill in January that would give...
Arthur J. Gallagher Acquires Buckman-Mitchell in California
Nov 26 2018 // Arthur J. Gallagher & Co. has acquired Buckman-Mitchell Inc., with offices in Visalia and Fresno, Calif. Terms of the deal were not disclosed. Clifford Dunbar, Judy Fussel, Brent Swanson, Todd Williams, Stephan...
WSS Names Singer Senior Vice President in California
Nov 26 2018 // WSS has named Tami Singer senior vice president of the commercial lines department. Singer will work out of the Sherman Oaks, Calif. office. She has more than 30 years of insurance experience with a focus on E&S. She...
