California News

Quake Tests Looks For Ways To Shore Up California Hospitals

What happens when a series of massive earthquakes hits a five-story medical facility with an intensive care unit, operating room and elevator? Structural engineers at the University of California, San Diego, hope to find out by repeatedly shaking such a …

Major Forest-Thinning Project In Tahoe Approved

The U.S. Forest Service has won final approval for a major forest-thinning project designed to reduce the threat of a catastrophic wildfire at Lake Tahoe. The project, set to begin this summer, calls for the reduction of hazardous fuels over …

Meteorologist: Tornado Near Stockton, Calif. Not Unusual

The National Weather Service says the tornado that struck five miles outside of Stockton, Calif. on Wednesday was not unusual for this time of year. The twister on farmland near Interstate 5 left a path of damage about a mile …

It’s Tsunami Preparedness Week, Now Go Sell a Policy

It’s Tsunami Preparedness Week, and that means states that border the Pacific Ocean may be hearing more buzz about the rare but deadly act of nature that poses catastrophic risks to coastal regions. If you’re one of those scratching your …

K2 Acquires Majority Stake in Midwestern

San Diego, Calif.-based managing general agent K2 Insurance Services LLC has acquired a majority stake in Midwestern Insurance Alliance Inc., an MGA based in Louisville, Ky. that underwrites workers’ compensation coverage with a focus on transportation. Terms of the deal …

Municipal Defaults – Already 21 in 2012 – Another Blow for Bond Insurers

A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue deplete their budgets. So far, the bond defaults are …

First Big Piece Of West’s ‘Electric Highway’ Gets Juice

Following a trail blazed by Indians and pioneers in covered wagons, electric car drivers hit the road Friday to inaugurate the first major section of a West Coast “Electric Highway” dotted with stations where they can charge up in 20 …

Union General Offers Homeowners Coverage

Union General Insurance Services is now offering coverage for homeowners associations to California agents. The product is designed to cover common area exposures for these risks and is backed by a carrier rated A+. Limits up to $2 million/$3 million …

States Won’t Oppose Honda Hybrid Settlement

News sources are reporting that five states that were given a deadline to oppose a class-action settlement between Honda Motor Co. and owners of its cars over fuel efficiency will not do so. The states are California, Iowa, Massachusetts, Texas …

Abram Interstate Adds a Market for Hard-to-Place Risks

Abram Interstate Insurance Services has added a new carrier that will provide competitive pricing and flexibility for hard-to-place accounts in California. Some of the products the new market will cover include roofing, grocery stores, remodeling contractors, alarm installation and carpet …