Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Sep 14 2023 // Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round...
California Lawmakers Approve Nation’s Most Sweeping Emissions Disclosure Rules for Big Business
Sep 13 2023 // Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed...
California Fast Food Workers Getting $20 Minimum Wage Under Labor and Industry Deal
Sep 12 2023 // Most fast food workers in California would get a $20 minimum wage next year, a nearly $5 per hour raise, under a deal announced this week between labor unions and the industry that will avoid a costly referendum on the...
California School District Paying $2.25M to Settle Suit Involving Teacher Who Had Student’s Baby
Sep 12 2023 // A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant by one of at least two students she was accused of sexually abusing. The settlement brings...
The Value of Wildfire Simulations in Enterprise Risk Management
Sep 12 2023 // This post is part of a series sponsored by CoreLogic. Going beyond historical data brings clarity to the future of wildfire risk Welcome to the second installment of our four-part series on wildfire hazard and enterprise...
Kaiser to Pay $49M in California for Dumping Private Medical Records, Medical Waste
Sep 11 2023 // Kaiser Permanente has agreed to pay $49 million as part of a settlement with California prosecutors who say the health care giant illegally disposed of thousands of private medical records, hazardous materials and medical...
People Moves: California Commissioner Makes Appointments to Curriculum Board, CAARP and COIN
Sep 6 2023 // California Insurance Commissioner Ricardo Lara named new members Colbie McRae, Gloria Mitchell, and Vinh Truong to the Curriculum Board; Michael Golden to the California Automobile Assigned Risk Plan (CAARP) Advisory...
Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
California Regulators OK More Gas Storage Capacity at The Site of Massive Methane Leak
Sep 5 2023 // California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from...
Report: Climate Change Boosts Risk of Extreme Wildfires 25%
Sep 5 2023 // A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they...
Climate Change Means Californians Need Flood Insurance Now, Too
Sep 5 2023 // Californians know wildfires and earthquakes; hurricanes, not so much. So when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners are to a growing...
Business Moves
Sep 4 2023 // National Acturis Group, Broker Buddha The software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York City, provides insurance brokers and...
People & Places
Sep 4 2023 // National Tricia Loney DUAL North America, headquartered in San Diego, California appointed Peter Gosselink as executive vice president of its fine art program. Dual also has named Tricia Loney as head of specialty...
Claims Pros Warned About Confirmation Bias and Inflated Line Items
Sep 4 2023 // The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners sometimes resort to arson, but who would be so...
Personal Lines in Surplus Lines
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group. “I think that is probably the...
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times
Sep 4 2023 // As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want. It’s affecting...
California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks
Sep 1 2023 // California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles...
Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers
Aug 31 2023 // The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The...
LP Insurance Services Acquires Wasserman & Associates in California
Aug 30 2023 // LP Insurance Services LLC acquired Wasserman & Associates in Northern California. Wasserman & Associates joins the LP Insurance Services Gold River/Sacramento office. Wasserman & Associates has been serving the...
California Labor Commissioner Cites Farm Labor Contractor and Growers $1.9M
Aug 29 2023 // The California Labor Commissioner’s Office cited farm labor contractor M.G. Luna, Inc. of Parlier and growers Madera Persimmon Growers Inc. of Madera and Willems Farms Inc. of Kingsburg $1,926,531, for wage theft...
