Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Topa CFO Morrison to Retire, Genalo Named Successor of California Company
Nov 19 2018 // Calabasas, Calif.-based Topa Insurance Group announced that Cynthia Morrison, senior vice president and chief financial officer, will retire. Morrison is retiring effective Jan. 31, 2019. Lawrence Genalo, assistant vice...
Latest Estimates of Insured Losses from California Wildfires at $9B to $13B
Nov 19 2018 // Insured losses from the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion, according to the latest estimates from catastrophe modeler RMS. RMS’ latest estimates released on Monday...
PG&E Says There Was Another Outage on Morning of California Wildfire
Nov 19 2018 // California utility PG&E Corp , facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when...
California Insurance Commissioner Reduces Workers’ Comp Pure Premium
Nov 19 2018 // California Insurance Commissioner Dave Jones earlier this month issued a revised advisory workers’ compensation pure premium rate, lowering the benchmark to $1.63 per $100 of payroll effective Jan. 1, 2019. Jones has...
$8.6B Worth of Homes at High or Extreme Risk from California Fires
Nov 16 2018 // A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the perimeters of the Camp Fire in Northern California and the Woolsey...
S&P Says Insurers and Reinsurers Can Absorb Losses from California Wildfires
Nov 16 2018 // S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event. However, the mounting bills from more frequents large...
California Judge Sets Date for Next Next Monsanto Cancer Trial
Nov 16 2018 // A California judge has granted an expedited trial in the case of a California couple suffering from cancer who sued Bayer AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup...
California Commissioner Wants Fire Claims Expedited, 9K Properties Lost
Nov 15 2018 // California Insurance Commissioner Dave Jones on Thursday issued a notice to insurers requesting they agree to expediting claims handling for Camp and Woolsey wildfire survivors to help them begin the recovery and...
Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting
Nov 15 2018 // An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry...
California Issues Emergency Declaration to Allow Out-of-State Adjusters to Help with Fire Claims
Nov 15 2018 // California Insurance Commissioner Dave Jones has declared an emergency situation, which allows insurance companies to use out-of-state adjusters to help handle the large volume of claims resulting from the Camp and Woolsey...
Insurance Agent at Heart of Heartbreaking California Wildfire
Nov 14 2018 // Derek Ross has his hands full with the Woolsey Fire in Southern California for three reasons. He’s an insurance agent with numerous clients affected, he’s the president of the board of a school district...
Jury Finds J&J Not Liable in Talcum Powder Cancer Case in California
Nov 14 2018 // A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her...
Solutions to Wildfires in Time of Climate Change Are Costly, Unpopular
Nov 14 2018 // California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher. That...
How Insurance Industry Might React to ‘New Normal’ of California’s Historic Wildfires
Nov 13 2018 // The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious...
Will California See More Laws and Regulations in Wake of Wildfires?
Nov 13 2018 // Powered by InsuranceJournal.tv Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and...
Waymo’s First Driverless Car Service Seen Right Around the Corner
Nov 13 2018 // In just a few weeks, humanity may take its first paid ride into the age of driverless cars. Waymo, the secretive subsidiary of Google’s parent company, Alphabet Inc., is planning to launch the world’s first...
Alliant Names Aon’s Posey Vice President in California
Nov 13 2018 // Alliant Insurance Services Inc. has named Amanda Posey a vice president. Posey, who is based in Orange County, Calif., will provide risk management and insurance solutions to a regional client base. Posey was previously a...
California Utilities Face Potential of Billion Dollar Wildfires Year After Year
Nov 13 2018 // California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities...
Insurers’ Firefighting Teams Move to Limit Damage from California Wildfires
Nov 13 2018 // California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among...
California Wildfire Insured Losses at Billions of Dollars and Climbing
Nov 12 2018 // An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed nearly 7,000 homes and businesses and killed 31 people. Roughly 300,000 have been...
