Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Resilience in California Launches Technology E&O Coverage
Mar 6 2024 // San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess...
Bayer Notches More Wins in Roundup Weedkiller Cancer Trials
Mar 6 2024 // Bayer on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company’s Roundup weedkiller. In addition to...
S&P Says Flooding Events for California Cities and Counties May Result in Credit Risks
Mar 6 2024 // California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers...
New Jersey City That Limited Street Parking Hasn’t Had a Traffic Death in 7 Years
Mar 5 2024 // Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities. For seven years now, the city of nearly...
Experts Say California to Be Drought-Free Through 2025 Following Winter Storms
Mar 5 2024 // AccuWeather meteorologists say California will be free of widespread drought through the end of 2025 on the heels of a blizzard that dumped more than 80 inches of snow on the mountains of northern and central...
Plan Takes Shape in Rural California to Provide Farm Workers Shade From Heat
Mar 4 2024 // When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with...
Report Looks at Cumulative Trauma and Litigated Claims in California Workers’ Comp
Mar 4 2024 // A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative trauma claims that involve physical or mental injuries from repetitive stress,...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Mar 4 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines offices released by the Wholesale & Specialty Insurance Association...
People & Places
Mar 4 2024 // National Xceedance, headquartered in Boston, appointed Peter Flynn as senior vice president, personal lines, Americas. Flynn brings 25 years of insurance experience, having spent the first 15 years of his career various...
Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter
Mar 4 2024 // Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023 and stay at the top in theft claims handled by population. Wheelnet, a provider for wheel and tire replacement for...
Symphony Risk in California Launches Captive Program for Cannabis Industry
Mar 4 2024 // Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Mar 4 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
FTP of California Rebrands as Hinterland Insurance, Moves HQ to Colorado
Feb 29 2024 // FTP of California LLC has rebranded to Hinterland Insurance and moved its headquarters to the Denver Tech Center in Colorado. The rebrand is part of a larger strategy to reflect the firm’s growing business in the...
FTP of California Rebrands as Hinterland Insurance Amid Continued Expansion
Feb 28 2024 // Company headquarters moved to Denver, CO Denver, CO, February 28, 2024 – FTP of California, LLC, announced today it has rebranded to Hinterland Insurance (‘Hinterland’), and moved company headquarters to...
Forecast: Blizzard Conditions Could Bury California Mountain Towns in Feet of Snow
Feb 28 2024 // Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern...
Southern California Edison to Pay $80M to US Over 2017 Wildfire
Feb 27 2024 // Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the...
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
Feb 27 2024 // The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher...
GM’s Cruise Prepares to Resume Robotaxi Testing After Halt
Feb 26 2024 // General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in the coming weeks, with Houston and Dallas emerging as potential locations, following the grounding of its fleet...
AM Best Upgrades Credit Ratings of Aspire General in California
Feb 26 2024 // AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Aspire General Insurance Co. in Rancho...
