Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AM Best Downgrades California Earthquake Authority Credit Ratings
Jan 18 2023 // AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of California...
California Lawsuit Filed over Oil And Gas Drilling Ban
Jan 18 2023 // An oil company sued the city of Los Angeles over its recent law to ban the drilling of new oil and gas wells and to phase out existing ones within city limits over the next two decades. Warren Resources filed the lawsuit...
President Approves California Disaster Declaration
Jan 17 2023 // President Joe Biden declared that a major disaster exists in California and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe winter storms, flooding and...
California Latest to Sue Drug Companies Over Insulin Prices
Jan 17 2023 // California announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars...
Tackling Threat of Mudslides in Rain Soaked California
Jan 17 2023 // Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market
Jan 17 2023 // Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing...
Former California Insurance Agent Arrested for Allegedly Stealing $90K
Jan 13 2023 // Sally Nava Kanarek, 76, of Huntington Beach, was arrested this week on multiple felony counts of financial elder abuse, grand theft of an elder, and forgery after a California Department of Insurance investigation found...
Iconic Tree Canopy in California Turns Destructive in Storms
Jan 13 2023 // On a good day, the sun shines in California’s capital city – and elms, pines, oaks and hundreds of other tree varieties fill Sacramento’s parks and line streets, fortifying the city’s reputation as the...
Arthur J. Gallagher Acquired John C. Breckenridge in California
Jan 12 2023 // Arthur J. Gallagher & Co. acquired Sacramento, California-based John C. Breckenridge Insurance Solutions Inc. John Breckenridge, Lisa Breckenridge and their team will remain in their current location under the...
Inszone Insurance Acquires Vaught, Wright & Bond Insurance in California
Jan 11 2023 // Inszone Insurance Services acquired Vaught, Wright & Bond Insurance in Placerville, California. Vaught, Wright & Bond Insurance was originally founded in 1933 by Mance Vaught. They offered bonds in addition to...
Relation Acquires Napa Valley Insurance in California
Jan 10 2023 // Relation Insurance Services Inc. acquired the assets of Napa Valley Insurance in California. Co-owners Mike Hogin and Pam Hogin will continue running the offices as part of the Relation family of brands. Napa Valley...
California – Mega Catastrophe Ground Zero
Jan 9 2023 // California’s destructive Christmas Eve and January storms are a grim reminder that the state is perilously exposed to massive flooding. A paltry 215,000 Californians—less than 2 percent of the state’s...
Strong Storms Put California Levees to The Test
Jan 9 2023 // With multiple powerful storms continuing to bear down on California, state officials have warned that rural areas are the most at risk of flooding because the levees that protect them aren’t built to the same...
‘Bomb Cyclone’ Brought Damaging Winds, Rain to California
Jan 6 2023 // Damaging winds and heavy rains from a powerful “atmospheric river” pounded California on Thursday, knocking out power to tens of thousands, causing flash flooding, and contributing to the deaths of at least two...
California Commissioner Alert Notes Coverage for Floods and Mudslides Caused by Wildfires
Jan 5 2023 // California Insurance Commissioner Ricardo Lara on Wednesday issued a formal notice to insurance companies reminding them of their legal duty to cover damage from any future mudslide or similar disaster that is caused by...
At Least 20 Apartments Confirmed Damaged in Latest California Quake
Jan 5 2023 // At least 20 apartments were damaged by the latest earthquake to rattle the region of Northern California where a stronger quake nearly two weeks ago killed two people and knocked homes off their foundations, authorities...
California Workers’ Comp Study Tracks Inpatient Care Utilization Trends
Jan 5 2023 // A new study shows that after across-the-board declines in California inpatient hospitalizations during the COVID-19 crisis of 2020, the number of inpatient stays paid under Medicare, Medi-Cal, and private coverage began to...
ALKEME Acquires Atascadero Insurance Agency in Central California
Jan 4 2023 // ALKEME acquired Atascadero Insurance Agency, dba Morro Bay Insurance Agency, in Fresno, California. Atascadero specializes in property/casualty covering the central California region. Ladera Ranch California-based ALKEME...
California Bail Agent Arraigned for Felony Grand Theft
Jan 4 2023 // Previously licensed California bail agent and insurance producer Sean Wilczak, 29, was arraigned in Santa Barbara County Superior Court on three felony counts of grand theft for allegedly stealing $25,000 from three bail...
M5.4 Earthquake in Northern California Confirmed in area Damaged in Earlier Quake
Jan 3 2023 // A moderate New Year’s Day earthquake rattled the region of Northern California where a stronger quake nearly two weeks ago killed two people and left widespread damage, authorities said. The earthquake with a...
