California News

California Drought Bad Tidings for Rice Harvest

California’s deepening drought is shrinking its rice harvest, and that’s bad news for farmers, migratory birds and sushi lovers. The $5 billion industry exports rice to more than 100 countries and specializes in premium grains used in risotto, paella and …

Judge: Sailors Can Sue California Company Over Fukushima Exposure

U.S. Navy personnel who were exposed to radiation from Japan’s wrecked Fukushima plant during earthquake and tsunami relief efforts in 2011 can sue the power station’s operator in California, a court ruled. U.S. District Judge Janis L. Sammartino in San …

California Malpractice Proposition Hit by Polls, Studies, Spending

Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums. The studies and heavy advertising by the opposition to Proposition 46, the Medical Malpractice …

Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank

Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

California No-Bid Health Contracts Draws Probe

California’s health insurance exchange is facing calls for a state investigation of its contracting practices, while a state senator urged the agency to account for deals that steered millions of dollars to a firm whose employees have long-standing ties to the …

Experts: Insurance Distribution Future Online and Personalized

The future of insurance distribution was discussed at the CPCU Society’s annual All Industry Day in California on Tuesday. The day-long conference at the Sportsmen’s Lodge in Studio City included panels on the economy, business interruption and cyber liability. During …

Abacus Brokers, Golden Bear Launch Online Earthquake Program

Abacus Insurance Brokers Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has partnered with Golden Bear Insurance Co. for its new online residential earthquake program. The program enables a homeowner to select from a variety of …

Eleven Southern California Schools to Undergo Asbestos Testing

An Orange County school district will test every room in its 11 schools for asbestos after questions were raised about whether students were exposed to carcinogenic dust during construction projects earlier this school year. The Orange County Register reported two …

Novato, Insurer Others Settle Suit Over California Girl Killed By SUV

The city of Novato and other defendants have settled a lawsuit by the family of a 12-year-old California girl who was struck and killed by a SUV while riding her bicycle home from school two years ago. The Marin Independent …

California Wildfire Price Tag Exceeds $53M

A huge wildfire in northeast California has run up a firefighting tab in excess of $50 million and become the second priciest blaze in the state this year, officials said. The King Fire east of Sacramento has cost some $53 …