Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Environmental Groups Urge Regulators to Shut Down California Reactor Over Safety Concerns
Sep 19 2023 // Environmental groups called on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and...
Thieves Swarm Luxury Malls in Southern California and Other Areas, Driving Retail Crime to $100B
Sep 19 2023 // It took just minutes for more than 20 thieves, clad in hoods and masks, to swarm the Nordstrom store in the Westfield Topanga shopping center and make off with $300,000 of handbags and other luxury items. A security guard...
California Suit Says Oil Giants Deceived Public on Climate, Seeks Funds for Storm Damage
Sep 18 2023 // The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and...
2023 to Test Recent Growth in Private Flood Insurance Market
Sep 18 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California, as well as future storms that may come during the remainder of the Atlantic hurricane...
Agency Partnerships: Then and Now
Sep 18 2023 // The first agency networks and partnership groups began in the 1970s, mostly to combine books of premium to access markets at a larger scale. Today, the reasons agencies join forces have moved far beyond combined premium,...
Business Moves
Sep 18 2023 // East One80 Intermediaries, GMI Insurance One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial...
Removing Barriers to CAT Risk Modeling Will Slow Insurer Flight From High-Risk Areas
Sep 18 2023 // Technology has been embraced in a variety of ways within the homeowners’ insurance market. Many aspects of the claims process have been automated, insurers are utilizing more climate data than ever before to predict...
Gas Leak Forced Evacuation of Southern California Homes
Sep 15 2023 // A Southern California neighborhood was evacuated for more than six hours early Thursday due to a large leak of natural gas from an underground pipe, authorities said. The leak was detected around 1:30 a.m. in...
California Regulators Propose Higher Rates for PG&E Customers to Reduce Wildfire Risk
Sep 15 2023 // Power bills for about 16 million people in Northern California will likely increase after state regulators released two rate proposals for one of the nation`s largest utilities. The California Public Utilities Commission...
Mercury Introduces New Umbrella Policy as Bodily Injury Costs Rise in California
Sep 15 2023 // Mercury Insurance is introducing a new personal umbrella insurance policy for Californians that is designed to offer extra protection with bolstered coverages as the company notes that bodily injury payouts continue to...
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Sep 14 2023 // Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round...
California Lawmakers Approve Nation’s Most Sweeping Emissions Disclosure Rules for Big Business
Sep 13 2023 // Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed...
California Fast Food Workers Getting $20 Minimum Wage Under Labor and Industry Deal
Sep 12 2023 // Most fast food workers in California would get a $20 minimum wage next year, a nearly $5 per hour raise, under a deal announced this week between labor unions and the industry that will avoid a costly referendum on the...
California School District Paying $2.25M to Settle Suit Involving Teacher Who Had Student’s Baby
Sep 12 2023 // A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant by one of at least two students she was accused of sexually abusing. The settlement brings...
The Value of Wildfire Simulations in Enterprise Risk Management
Sep 12 2023 // This post is part of a series sponsored by CoreLogic. Going beyond historical data brings clarity to the future of wildfire risk Welcome to the second installment of our four-part series on wildfire hazard and enterprise...
Kaiser to Pay $49M in California for Dumping Private Medical Records, Medical Waste
Sep 11 2023 // Kaiser Permanente has agreed to pay $49 million as part of a settlement with California prosecutors who say the health care giant illegally disposed of thousands of private medical records, hazardous materials and medical...
People Moves: California Commissioner Makes Appointments to Curriculum Board, CAARP and COIN
Sep 6 2023 // California Insurance Commissioner Ricardo Lara named new members Colbie McRae, Gloria Mitchell, and Vinh Truong to the Curriculum Board; Michael Golden to the California Automobile Assigned Risk Plan (CAARP) Advisory...
Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
California Regulators OK More Gas Storage Capacity at The Site of Massive Methane Leak
Sep 5 2023 // California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from...
Report: Climate Change Boosts Risk of Extreme Wildfires 25%
Sep 5 2023 // A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they...
