Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AM Best Revises Outlooks to Positive for Anchor General in California
May 27 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Anchor General Insurance Co. in San...
People Moves: Island Insurance Names Kuioka COO, The Liberty Company Insurance Brokers Adds Newman in California
May 27 2021 // Island Insurance Co. has promoted Scott Kuioka to senior vice president and chief operating officer. Kuioka will continue to serve as chief investment officer and chief risk officer, and oversee the commercial lines-large...
The Liberty Company Acquires Assets of Gray-Stone & Co. in California
May 26 2021 // The Liberty Company Insurance Brokers has acquired the assets of Thousand Oaks, Calif.-based Gray-Stone & Co. Terms of the deal were not disclosed. Gray-Stone has both a wholesale and retail component, and the firm...
California Seeing More Wildfires as Drought Intensifies
May 26 2021 // As California sinks deeper into drought it already has had more than 900 additional wildfires than at this point in 2020, which was a record-breaking year that saw more than 4% of the state’s land scorched by...
California Aiming to Ease Virus Rules for Workers in Mid-June
May 25 2021 // California workforce regulators will aim for a mid-June easing of workplace mask and social distancing requirements to conform with a broader state order, postponing a vote on whether to revise coronavirus safety rules for...
California’s Harsh EPLI Landscape Made Worse by COVID
May 24 2021 // It’s common knowledge that the employee practices liability insurance arena nationwide has been unfriendly to buyers. Earlier this year, a survey of 20 EPLI carriers showed 15 reported rate increases for the line...
AM Best Revises Outlook to Stable for Topa in California
May 21 2021 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Topa Insurance Co. in...
California Restaurants Expect Rebound That Will Take Years
May 20 2021 // Nearly a third of California’s restaurants permanently closed and two-thirds of workers at least temporarily lost their jobs as the pandemic set in more than a year ago and Gov. Gavin Newsom imposed the...
People Moves: CAC Specialty in Colorado Adds Lynch, Lockton Pacific Adds Lupe in California
May 20 2021 // CAC Specialty in Colorado has named Erin Lynch president of its natural resources division and co-leader of its power, utility and renewables vertical. Lynch most recently led the global energy practice at Beecher Carlson...
Severe Water Crisis on Oregon-California Border to Impact Agriculture
May 19 2021 // The water crisis along the California-Oregon border went from dire to catastrophic this week as federal regulators shut off irrigation water to farmers from a critical reservoir and said they would not send extra water to...
Newfront Acquires Aviation Marine Insurance in California
May 19 2021 // Newfront Insurance has acquired Aviation Marine Insurance Services in Sausalito, Calif. Terms of the deal were not disclosed. AMIS is led by Scott Gault, who joins Newfront along with his team of aviation insurance...
Southern California City Agrees to Settle Suit Against Bloggers for $350K
May 18 2021 // The Southern California city of Fullerton has agreed to pay $350,000 and take back its accusations of criminal computer hacking to settle a lawsuit against two local bloggers, a newspaper reported. The agreement was...
California Regulator Reviewing Tesla’s Self-Driving Claims
May 18 2021 // A California regulator said on Monday it is reviewing whether Tesla Inc. violated regulations by falsely promoting its advanced driver-assistance systems as being “full self-driving.” Tesla’s driver...
People Moves: Midwestern Insurance Alliance Adds Young in California, Crest Adds Holt in Colorado
May 18 2021 // Midwestern Insurance Alliance has named Robert Young to its wholesale division as vice president of business development. Young will be based out of San Diego, Calif. Young’s focus will be to help the team grow...
InterWest Opens New Nevada Office, Acquires Aegis in California
May 17 2021 // InterWest Insurance Services LLC has opened a new office in Reno, Nev., and has acquired Aegis Insurance Markets in Truckee, Calif. Terms of the deal were not disclosed. Tony Commendatore, founder of AEGIS, will continue...
California Crash Victim Posted Videos Riding in Tesla on Autopilot
May 17 2021 // The driver of a Tesla involved in a fatal crash that California highway authorities said may have been operating on Autopilot posted social media videos of himself riding in the vehicle without his hands on the wheel or...
California Contractor Arrested in Nearly $1M Workers’ Comp Scheme
May 17 2021 // Carolyn Plaza of Fresno, Calif., self-surrendered on May 6 after a warrant for her arrest was issued on six felony counts of insurance fraud. A complaint filed on April 16, alleges Plaza underreported more than $3 million...
California Flooring Business Owners Charged for $3.8M Workers’ Comp Fraud
May 14 2021 // Ryan Black, 45, formerly of Fair Oaks, Calif., and Curtis Davis, 53, of Penryn, were both charged this week with three felony counts of workers’ compensation fraud after allegedly underreporting payroll and employees...
California Crash, Arrest Draw More Scrutiny of Tesla Autopilot
May 14 2021 // Safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the...
Report: California Workers’ Comp Written Premium Down in 2020
May 13 2021 // Written premium for 2020 was 13% below the previous year, and was at the lowest since 2012, a new report out on Thursday shows. The Workers’ Compensation Rating Bureau of California Quarterly Experience Report, which...
