Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter
Mar 4 2024 // Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023 and stay at the top in theft claims handled by population. Wheelnet, a provider for wheel and tire replacement for...
Symphony Risk in California Launches Captive Program for Cannabis Industry
Mar 4 2024 // Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Mar 4 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
FTP of California Rebrands as Hinterland Insurance, Moves HQ to Colorado
Feb 29 2024 // FTP of California LLC has rebranded to Hinterland Insurance and moved its headquarters to the Denver Tech Center in Colorado. The rebrand is part of a larger strategy to reflect the firm’s growing business in the...
FTP of California Rebrands as Hinterland Insurance Amid Continued Expansion
Feb 28 2024 // Company headquarters moved to Denver, CO Denver, CO, February 28, 2024 – FTP of California, LLC, announced today it has rebranded to Hinterland Insurance (‘Hinterland’), and moved company headquarters to...
Forecast: Blizzard Conditions Could Bury California Mountain Towns in Feet of Snow
Feb 28 2024 // Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern...
Southern California Edison to Pay $80M to US Over 2017 Wildfire
Feb 27 2024 // Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the...
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
Feb 27 2024 // The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher...
GM’s Cruise Prepares to Resume Robotaxi Testing After Halt
Feb 26 2024 // General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in the coming weeks, with Houston and Dallas emerging as potential locations, following the grounding of its fleet...
AM Best Upgrades Credit Ratings of Aspire General in California
Feb 26 2024 // AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Aspire General Insurance Co. in Rancho...
ALKEME Acquires Ferrante Insurance Services in California
Feb 23 2024 // ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability,...
Report Shows Metal Tube Ruptured, Causing Fire at California Renewables Facility
Feb 23 2024 // The U.S. Chemical Safety and Hazard Investigation Board released an update on the agency’s investigation of a Nov. 19, 2023, fire at the Martinez Renewables facility in Martinez, California, finding that a metal tube...
California Puts Waymo Robotaxi Expansion Application on Hold Until June 19
Feb 22 2024 // A California regulator has put on hold until June 19 an application by Alphabet’s Waymo to expand its robotaxi services to parts of the Los Angeles area and San Francisco’s peninsula, amid rising safety...
Inszone Insurance Services Acquires Frank Vitale Insurance Agency
Feb 21 2024 // Inszone Insurance Services acquired Frank Vitale Insurance Agency in Soquel, California. The agency’s primary focus has been on insuring the construction industry, offering specialized coverage such as worker’s...
California Hillsides Are at Risk of Floods After Days of Downpours
Feb 20 2024 // The latest in a series of robust storms is drenching California again with rain and snow, prompting officials to warn residents to stay on high alert for floods as weakened terrain gets further tested. Some hillside...
Inszone Acquires Entertainment Specialist Truman Van Dyke in California
Feb 20 2024 // Inszone Insurance Services acquired entertainment insurance agency Truman Van Dyke Co. Truman Van Dyke was founded by Truman Van Dyke Sr. and Truman Van Dyke Jr. Van Dyke Sr. transitioned from a silent film actor to an...
Dark Skies, Bad Weather Could Have Led to Fatal California Helicopter Crash That Killed 6
Feb 20 2024 // Two aviation experts who reviewed newly released photos and video of last week’s helicopter crash that killed a prominent Nigerian banker and five others said the flight likely should have been canceled because of...
New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall
Feb 19 2024 // AccuWeather meteorologists on Sunday forecasted the “relentless wet pattern” will continue for residents along the West Coast at least the middle of the week, as stormy conditions will moved onshore withrounds...
Hub Launches High Net Worth Excess Wildfire Program in California
Feb 19 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...
