Major fires continue to burn in Southern California, in some cases fueling new fires. There are currently 15 fires burning 414,013 acres, according to the National Interagency Fire Center. The large number of separate fires has effectively diluted fire suppression …
Insurance industry professionals are rallying the troops, bringing in claims professionals and others to assist in battling several major wildfires burning across Southern California. On Sunday, Gov. Arnold Schwarzenegger proclaimed a State of Emergency in the counties of Los Angeles, …
The 11 wildfires burning in Southern California should not result in large individual insurance company losses, according to a recent report by Goldman Sachs Analyst Thomas Cholnoky. Instead, he predicts nontraditional markets will witness the heaviest losses. According to the …
Exclusive Video California Wildfires: Insurance Industry Assesses Impact California Wildfires: Insurers On Site at Evacuation Centers The insurance industry is estimating that the damage from the wildfires in southern California could reach at least $500 million in insured losses. The …
A California Court of Appeal has ruled that a health club’s liability release does not bar someone from asserting a negligence claim. In Yoko Zipusch v. LA Workout Inc., Zipusch signed LA Workout’s “membership agreement” in October 2004 that contained …
California Gov. Arnold Schwarzenegger has signed legislation authored by Sen. Leland Yee, D-San Francisco/San Mateo, that is expected to lower workers’ compensation rates for small businesses and increase competition among insurance companies. Existing law requires insurers to maintain certain minimum …
Reforms to California’s worker’s compensation system enacted since 2002 “have had a substantial impact on system costs,” according to a new report by the state Workers’ Compensation Insurance Rating Bureau. In its “2007 Legislative Cost Monitoring Report” issued Oct. 9, …
California Gov. Arnold Schwarzenegger has signed legislation designed to strengthen flood protections in California and approved a bill that would ban smoking in vehicles carrying children. Meanwhile, he rejected a measure that would have required children younger than 8 years …
California Gov. Arnold Schwarzenegger has signed insurance-related bills into law, including those affecting the California Earthquake Authority, excess investment and auto insurance licenses. Senate Bill 430 was signed on Oct. 5, designating $1.3 billion from participating insurers to fund the …
California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance confirmed. CDI clarified the requirements after numerous questions arose from …
