Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Nexus Underwriting Completes Acquisition of Evolve in California
Jul 14 2023 // Nexus Underwriting completed its acquisition of Evolve Cyber Insurance Services in California. Evolve is a cyber managing general agency. The company operates out of offices in California, New York, and Texas, and has more...
Bill to Make Big Companies in California Disclose Emissions Worth Watching in All States
Jul 13 2023 // A bill to make large companies in California disclose their emissions is worth a watch in all states. The moving through California Legislature – it passed the Assembly Natural Resources Committee this week – could set...
Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California
Jul 13 2023 // Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of...
California Man Paralyzed from Police Run-In Gets $20M Settlement
Jul 13 2023 // A Northern California man who was left paralyzed after he was slammed to the ground during a traffic stop won a $20 million settlement, one of the largest in the state`s history, officials announced. Gregory Gross, an Army...
Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us
Jul 12 2023 // About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in...
California Insurance Commissioner Issues Workers’ Comp Pure Premium Rate Filing Decision
Jul 12 2023 // California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved...
Landslide Tears Apart Luxury Homes on Southern California Peninsula
Jul 12 2023 // A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The...
12 Southern California Homes Evacuated After Ground Shifts
Jul 11 2023 // Twelve homes were evacuated in a Los Angeles-area city after a major ground shift put them at risk of collapse, officials said. Janice Hahn, chair of the Los Angeles County Board of Supervisors, visited Rolling Hills...
NSM Acquires Shield Commercial Insurance Services in California
Jul 11 2023 // NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on...
Truck Makers Complying with California Rules Phasing Out Gas-Powered Vehicles
Jul 10 2023 // Some of the nation`s largest truck makers pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state regulators aimed at preventing lawsuits that...
California Utility Pays $22M to Settle Claims in 2016 Wildfire
Jul 10 2023 // Southern California Edison and two other companies have paid $22 million to settle U.S. government claims that they caused a 2016 wildfire that burned thousands of acres of national forest, it was announced. The money...
Farmers Limits New Homeowners Policies in California, Prompting Insurer Group to Call for Reform
Jul 7 2023 // Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier that follows a similar decision by State Farm last month and adds to a growing list of major carriers...
California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses
Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...
As Global Temperatures Set New Records, Policyholder Advocates Continue to Deny the Science
Jul 6 2023 // We learned this week that July 4’s average global temperature of 62.92 degrees Fahrenheit was the world’s hottest day since at least 1979, when the U.S. National Centers for Environmental Prediction began...
Thousands of Southern California Hotel Workers Strike, Demanding Better Pay and Benefits
Jul 3 2023 // Thousands of hotel workers in Southern California walked off the job on Sunday, demanding higher pay and better benefits in what the union is calling the largest strike in its history. Cooks, room attendants, dishwashers,...
People Moves: BindDesk Insurance Services in California Names Young President
Jul 3 2023 // BindDesk Insurance Services, headquartered in San Diego, Calif., named Robert Young president. Young has more than 30 years of experience in the insurance industry. Young led the startups of two wholesale operations,...
Western Heat Wave Ahead of July 4th Raises Prompts Changes in Utah
Jul 3 2023 // Extremely hot, dry conditions forecast across much of the West through the Fourth of July are heightening concerns about wildfires and the dangers of fireworks, including in Salt Lake City where officials are replacing...
Report Looks at Long COVID Claims in California Workers’ Comp
Jul 3 2023 // Roughly 13% of COVID-19 claims with medical payments received treatments for long COVID symptoms in the workers’ compensation system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of...
Q&A: Consultant Stephen Bushnell Digs into Green Insurance Products
Jul 3 2023 // After learning about green buildings, after examining their structural characteristics that may not be covered by traditional insurance policies, and after studying green rating guides and the commissioning process,...
How the Insurance Universe Deals with Evolving Risks and Dispositions
Jul 3 2023 // Insurers have come a long way on climate change, but they have a long way to get where they need to be to deal with a more hazardous planet. That was the assessment from Washington Insurance Commissioner Mike Kreidler, a...
