losses News

California Insurance Commissioner Leaves Workers’ Comp Benchmark Rate

California Insurance Commissioner Ricardo Lara on Tuesday adopted and issued a rate for workers’ compensation insurance pure premium that he said reflects California’s still-recovering economy. Lara’s action maintains the benchmark rate at $1.45 per $100 of payroll for workers’ comp …

California Firefighters Making Gains in Yosemite Wildfire

California firefighters were gaining ground in the battle against a wildfire that poses a threat to a grove of giant sequoias and a small community in Yosemite National Park. The Washburn Fire on the western flank of the Sierra Nevada …

California Insurance Commissioner Issues Year Moratorium on Cancellations, Non-Renewals Following Wildfires

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage for more than 85,000 policyholders affected by fires in Santa Barbara County and Monterey County after Gov. Gavin Newsom issued emergency declarations this month. The commissioner’s bulletin …

Rain Helps Slow Alaska Wildfire That Prompted Evacuations

Some rain helped firefighters battling an Alaska wildfire that prompted evacuations. About a half inch fell into early Monday, allowing crews to build more fire breaks to help control the wildfire started by lightning June 21. “It’s not really like …

Yosemite Wildfire Growing as California’s Wildfire Season Develops

A wildfire threatening the largest grove of giant sequoias in Yosemite National Park more than doubled in size in a day, and firefighters were working in difficult terrain Sunday to protect the iconic trees and a small mountain town as …

Quake-Triggered Tsunami Would Hit Seattle In Minutes, New Report Shows

A new study published by the Washington State Department of Natural Resources shows a tsunami triggered by a major earthquake beneath Puget Sound would arrive at Seattle shores sooner and reach farther inland than previously thought. Models showed a tsunami …

Favorable Weather Aids in Fight Against California Wildfire

Favorable weather early Wednesday aided the fight against a wildfire in California’s Gold Country that has forced evacuations in two counties. The Electra Fire had burned 6.4 square miles of rural terrain but it was now 40% contained without any …

Washington Town of Conconully Hit by Flash Flooding

A flash flood flowed through the streets of the town of Conconully in Washington’s remote Okanogan County, sending a foot of water and mud into 30 to 40 homes and businesses. County emergency managers said 1.7 inches of rain fell …

California Governor Acting to Advance Wildfire Recovery

California Gov. Gavin Newsom proclaimed states of emergency in Santa Barbara and Monterey counties on Friday to help the process of recovery from recent wildfires. The proclamations allow the California Department of Transportation to request immediate federal assistance for highway …

Report: California Workers’ Comp Insurer Losses Were up in 2021

Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation Insurance Rating Bureau of California’s report released …