Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
USG Names Sewell AVP in Southern California
Nov 29 2018 // USG has named Larry Sewell business development assistant vice president in the Irvine, Calif. branch. Sewell will support the overall effort to expand USG’s Southern California footprint. He will also be a part of...
Moody’s Says California Wildfire Losses Will Impact P/C Insurer, Reinsurer 4Q Earnings
Nov 29 2018 // Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California wildfires, which destroyed more than 20,000 residential and...
Fitch Warns of Negative Credit Effects on Reinsurance from California Wildfires
Nov 28 2018 // The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities if IOU equipment is found to have ignited the fires. And...
Small Quake Rattles West Central California Valley
Nov 28 2018 // A magnitude-4.0 earthquake rattled the rural west side of the San Joaquin Valley early, the U.S. Geological Survey confirmed. No damages were reported. The USGS reported the temblor occurred at 5:07 a.m. on Tuesday and was...
NAS Names D’Anna Chief Financial Officer in California
Nov 28 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
PG&E Decided Not to Cut Power as Winds Raged Before California Wildfire
Nov 28 2018 // In the days before California’s deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off electricity in the area,...
Managing Natural Disasters Becomes Priority for Nation’s Governors
Nov 28 2018 // Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could...
Report Puts Losses from California Wildfires at $15B to $19B
Nov 27 2018 // Total losses from the wildfires in Northern and Southern California could reach from $15 billion to $19 billion, a report out on Tuesday shows. The report from industry data provider CoreLogic shows total losses from the...
Bill to Give PG&E Relief from California Wildfire Burden Nears, But Long-Term Fix Elusive
Nov 27 2018 // PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. An assemblyman plans to introduce a bill in January that would give...
Arthur J. Gallagher Acquires Buckman-Mitchell in California
Nov 26 2018 // Arthur J. Gallagher & Co. has acquired Buckman-Mitchell Inc., with offices in Visalia and Fresno, Calif. Terms of the deal were not disclosed. Clifford Dunbar, Judy Fussel, Brent Swanson, Todd Williams, Stephan...
WSS Names Singer Senior Vice President in California
Nov 26 2018 // WSS has named Tami Singer senior vice president of the commercial lines department. Singer will work out of the Sherman Oaks, Calif. office. She has more than 30 years of insurance experience with a focus on E&S. She...
Wildfire Relief for PG&E in California May Not Include Fix Utility Wants
Nov 26 2018 // PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a bill that would...
Report by 13 U.S. Agencies Warns of Dire Economic Effects from Climate Change
Nov 25 2018 // As California’s catastrophic wildfires recede and people rebuild after two hurricanes, a massive new federal report warns that these types of disasters are worsening in the United States because of global warming....
Judge Picks First Case for Trial in Federal Monsanto Weedkiller Litigation
Nov 21 2018 // A U.S. judge overseeing the federal litigation against Bayer AG’s Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
Alera Group Acquires Orion Risk Management Insurance Services in California
Nov 20 2018 // Alera Group has acquired Orion Risk Management Insurance Services. Terms of the deal were not disclosed. Orion is a commercial insurance broker and risk management firm with three locations throughout Southern...
USG Names Gray Producer in Southern California
Nov 20 2018 // USG Holdings Inc. has named Ali Gray a producer/broker in the Irvine, Calif. branch. Gray will continue to build his book of business and assist with the expansion of USG’s West Coast footprint. He has 9 years of...
PG&E’s $1.4B in Wildfire Insurance May Not Be Enough, But Was ‘Regular Amount’
Nov 20 2018 // PG&E Corp.’s $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the deadliest blaze in California history. But the company wasn’t necessarily skimping on...
Lawmaker in California Working on Fire Relief Legislation for PG&E
Nov 20 2018 // A bill that would help PG&E Corp. absorb liabilities from this year’s fatal wildfires in California is being drafted at the request of a state assemblyman who helped shepherd earlier legislation on the...
United Valley Adds IWV in California, Maki in Arizona
Nov 19 2018 // United Valley Insurance Services Inc. has added IWV Insurance Agency LLC of Ridgecrest, Calif., and Maki Insurance Group of Anthem, Ariz. IWV offers personal and businesses insurance services throughout California. Maki...
