Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Advances Landmark Legislation to Regulate Large AI Models
Aug 30 2024 // Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology...
LTC Global Acquires Michael L. Fitzgerald Insurance Services in California
Aug 30 2024 // LTC Global Inc. acquired Michael L. Fitzgerald Insurance Services Inc. in Walnut Creek, California. Michael Fitzgerald will continue to manage the business, which operates across Northern California. Michael L. Fitzgerald...
Southern California Edison Seeks to Recover $1.6B of Wildfire-Related Losses
Aug 29 2024 // Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and...
Man Accused of Starting California Wildfire by Throwing Firework out Car Window
Aug 29 2024 // A 26-year-old man has been accused of igniting a destructive California wildfire in early July by throwing a firework from a car window during hot, dry and windy weather. Spencer Grant Anderson, of Oroville, was charged...
Robots Are Starting (Good) Fires in California
Aug 28 2024 // Cody Chiverton has spent the past decade lighting fires. As a former firefighter with the U.S. Forest Service, he participated in dozens of prescribed burns across the American West, in which fire-prevention teams would...
Wildfire Risk Harms California Home Values, San Francisco Fed Study Finds
Aug 27 2024 // California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco...
U.S. Transport Safety Board Opens Investigation Into Tesla Crash in California
Aug 22 2024 // The U.S. National Transportation Safety Board has opened an investigation into a crash and fire involving a Tesla electric semi-truck on a California highway, the agency said late Wednesday. The NTSB will carry out the...
Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?
Aug 22 2024 // California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad...
People Moves: California Commissioner Makes Appointments to Insurance Boards and WCIRB Governing Committee
Aug 22 2024 // Ricardo Lara California Insurance Commissioner Ricardo Lara named several new members to the state’s insurance advisory boards and committees. Timothy Hyamn was named to the California Insurance Guarantee Advisory...
California Pot Farmers Feel the Heat from Low Pricing, Wildfires
Aug 20 2024 // Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the largest pot market...
California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation
Aug 19 2024 // California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of its kind” catastrophe modeling and ratemaking regulation that “will help...
Freeway Drives Six New Franchises in Southeast, California
Aug 19 2024 // Freeway Insurance, a division of Confie, a large personal lines agency and brokerage in the United States, has expanded with six new franchises in Florida, Georgia, Tennessee and California. In south Florida James Ospina...
Chevron to Pay $550 Million Settlement to Richmond, California
Aug 16 2024 // Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond...
Hundreds Able to Return Home After Fleeing Wildfire Along California-Nevada Line
Aug 15 2024 // Hundreds of people were allowed to return home this week after being forced to flee a wildfire west of Reno that also shut down Interstate 80 along the California-Nevada line. About 170 firefighters continued to work to...
ALKEME Acquires Dunhill Marketing and Insurance Services in California
Aug 14 2024 // ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on...
M4.4 Earthquake Near Pasadena Felt out to California’s High Desert
Aug 13 2024 // The U.S. Geological Survey confirmed that a magnitude 4.4 earthquake struck an area southeast of of Highland Park, California on Monday. The quake was 7.4 miles deep and struck at 12:20 p.m. PST, according to the...
Report: 10 of Top U.S. Metros at Moderate to Very High Risk of Wildfire Are in California
Aug 13 2024 // Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk...
PCF Insurance Services Acquires DLD Insurance Brokers in California
Aug 12 2024 // PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device...
California Commissioner Moves to Implement Insurance Rate Review Reforms
Aug 9 2024 // California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing...
California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents
Aug 8 2024 // California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex...
