July 9, 2024
Private self-insured claim volume in the California workers’ compensation system fell 9.5% in 2023, the biggest year-to-year decline in private self-insured claim frequency in more than 15 years. However, double-digit increases in the average amounts paid and incurred on these …
July 9, 2024
Two years after the U.S. Forest Service sparked what would become the largest and most destructive wildfire in New Mexico’s recorded history, independent investigators say there are gaps that need to be addressed if the agency is to be successful …
July 9, 2024
A state-managed earthquake insurer for homeowners in California is opting to borrow from the public debt market in lieu of paying for additional coverage that would shield it against risks. The California Earthquake Authority plans to sell $250 million of …
July 8, 2024
A wildfire that erupted in Southern California has burned more than 20,000 acres, prompting an evacuation order and threatening ranches, including Michael Jackson’s former Neverland Ranch. The Lake Fire erupted on Friday northeast of Los Olivos, growing to become the …
July 8, 2024
Mired in a stream of multi-billion dollar budget deficits, the California Legislature has turned to voters for help. Lawmakers voted to place a pair of $10 billion bonds on the November ballot. If approved, the money would pay for the …
July 8, 2024
A lightning strike caused the larger of two wildfires that has killed at least two people and destroyed or damaged more than 1,400 structures in New Mexico, authorities said. The South Fork Fire was first reported June 17 on the …
July 5, 2024
Los Angeles will pay more than $21 million to settle claims by residents of a neighborhood where police bungled the detonation of a cache of illegal fireworks three years ago, injuring 17 people and displacing dozens of others. The City …
July 5, 2024
Three recent U.S. Department of Labor investigations in San Diego, California recovered nearly $840,000 for 32 employees, some of whom one employer reportedly paid less than $3 per hour. The department’s Wage and Hour Division determined that Ruffo de Alba …
July 5, 2024
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo Lara’s office is the result of legislation he sponsored …
July 3, 2024
State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7% and 20%—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of carriers pullback or …