Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Report: Cannabis Dispensaries May Become ‘Most Profitable’ Specialty Stores
Oct 31 2019 // Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories...
Covering Cannabis Risks on a BOP
Oct 31 2019 // Back in June 2018, AAIS filed its first CannaBOP policy to provide admitted markets a BOP that would cover the unique risks associated with cannabis businesses. While the admitted market has yet to fully embrace the...
Kincade, Tick and Getty Fires Currently Threaten Nearly 1,000 Homes with a Reconstruction Cost Value of $535M
Oct 31 2019 // This post is part of a series sponsored by CoreLogic. As of October 29, there were at least 18 fires burning in California, ranging in size from a few acres to more than 74,000 acres as in the case of the Kincade Fire in...
Groups, Officials Pen Letter to 3 Large California Insurers Asking Them to Ditch Fossil Fuels
Oct 31 2019 // Several dozen activist groups, businesses and elected representatives released a letter on Thursday to the CEOs of Liberty Mutual, AIG and Farmers calling on the three biggest fire insurers in California to stop fueling...
Uber And Lyft Will Ask California Voters to Block Employee Law
Oct 31 2019 // Some of the country’s largest ridesharing companies proposed a California law on Tuesday that would let them continue to treat drivers as independent contractors while also guaranteeing them a minimum wage and money...
Cavignac & Associates in California Names Dix Human Resources Risk Advisor
Oct 30 2019 // San Diego-based Cavignac & Associates has named Diana Dix human resources risk advisor. Dix has nearly 20 years of experience in the human resources field. She was previously human resources business partner at ADP...
Another $550M in Properties at Immediate Risk in 3 California Blazes, Report Shows
Oct 30 2019 // A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make for increasingly dangerous fire risk up and down the state. Damages from the...
Study: 94.1% Approval Rate for California Workers’ Comp Treatment Services
Oct 29 2019 // A new study shows that following the adoption of recent changes to streamline the California workers’ compensation medical review and approval process, 94.1% of medical services performed or requested for California...
Capital in California Names Doll Senior Vice President, Chief Operation Officer
Oct 29 2019 // Monterey, Calif.-based Capital Insurance Group has named Andrew Doll senior vice president and chief operating officer. He will continue to manage the insurance operations teams, as well as all other corporate...
XPT Group Acquires Sierra Specialty in California
Oct 29 2019 // XPT Group LLC has acquired Sierra Specialty in Fresno, Calif. Sierra Specialty will continue to operate under its brand name. Terms of the deal were not disclosed. Sierra Specialty was founded in 2005 by Kathy Schroeder...
PG&E Open to Extending California Wildfire Victim Claims Deadline
Oct 29 2019 // PG&E Corp. told a judge it’s willing to extend the deadline for victims of wildfires caused by the utility’s equipment to file claims in its bankruptcy. U.S. District Judge James Donato criticized the...
This Wildfire Metric Threatens to Upend PG&E’s Restructuring Plan
Oct 29 2019 // PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the key data point could pop up within days on the website of California’s forestry...
California Wildfire Damage at $25.4B and Rising
Oct 29 2019 // Damages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising. The Kincade fire has cost $10.6 billion, while the tally in Southern California is $14.8 billion mainly from...
Lockton Pacific Series Promotes Harrison and Davis in California, Oregon
Oct 29 2019 // Sherri Harrison and Bryan Davis have been promoted in Lockton’s Pacific Series benefits practice Orange County, Calif., and the Pacific Northwest. Harrison’s expanded role now includes director of...
California Agent Arrested for Allegedly Stealing $148K, Leaving Client Uninsured
Oct 28 2019 // Insurance agent Stephen Mark Gomez, 64, of Lake View Terrace, Calif., was arraigned last week on eight felony counts of grand theft and embezzlement after allegedly collecting over $148,000 in insurance premium payments...
PG&E Power Shutoffs Hit 2.7M as California Wildfires Burn
Oct 28 2019 // Mass power shutoffs by PG&E Corp. left more than 2.7 million Californians in the dark Sunday, the state’s largest deliberate blackout ever, as the bankrupt utility tries to keep its equipment from igniting...
California Braces for Biggest Blackout Yet as Massive Wildfire Burns
Oct 25 2019 // As wildfires rage and utilities race to restore power, the worst may be yet to come for California residents. PG&E Corp. has restored power to about 165,000 customers in portions of 18 counties, or about 93% of those...
Direct Connection in California Names Nevins Marketing & Operations Director
Oct 25 2019 // San Francisco, Calif.-based Direct Connection Advertising & Marketing has named Kristen Nevins director of marketing and operations. Nevins joined the firm in 2018. She was previously at Scottsdale Insurance Co. (now...
500K-Plus Californians Lose Power; Large Wildfire Rages
Oct 24 2019 // More than half a million people have lost power across California as part of a deliberate blackout designed to keep power lines from igniting wildfires. Meanwhile, a major blaze has already erupted. PG&E Corp. and...
Applied Underwriters Responds to California Department of Insurance Effort to Halt Sale
Oct 23 2019 // Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the...
