Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Insurance: Intervening, Interfering
Feb 24 2025 // In insurance circles Florida and California have the dubious distinction of being perennial problem children for home and auto insurance. In both states insurance markets have been severely disrupted by unique factors...
California Governor Asks Congress for $40B for LA Wildfire Relief
Feb 24 2025 // California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said could become the costliest natural...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents?
Feb 24 2025 // If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its...
California Wildfire Claims Ignite Industry-Wide Credibility Crisis
Feb 24 2025 // As someone who lost everything in a devastating fire–from cherished family photos to irreplaceable heirlooms–I understand firsthand the profound impact of both fire destruction and an insurer’s response....
Trucordia Acquires Insurance Business of Boater’s Insurance in California
Feb 19 2025 // Trucordia acquired the insurance business of Boater’s Insurance Agency in the San Francisco Bay Area. Boater’s Insurance Agency specializes in providing insurance services within the marine industry. The firm...
California Insurance Commissioner Rejects State Farm’s 22% Rate Request
Feb 14 2025 // California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial...
California Wildfire Mitigation And Recovery Bill Package Introduced
Feb 14 2025 // California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended...
PG&E Needs California’s Help to Calm Investors Post-Fire, CEO Says
Feb 14 2025 // PG&E Corp. wants California to promptly shore up the state’s $21 billion insurance fund for utilities that is at risk of being drained following the recent devastating fires in the Los Angeles area. Investors are...
Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year
Feb 13 2025 // Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months...
2 Million Acres in California Designated High Or Very High Fire Danger Areas
Feb 13 2025 // Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in California as facing “high” or “very high” danger of wildfires. In the...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California
Feb 12 2025 // Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims
Feb 11 2025 // California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR Plan reported it has...
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant
Feb 10 2025 // As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order last week directing the state to advance long-delayed regulations requiring homeowners in...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents?
Feb 10 2025 // If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its...
AM Best: Wildfires Intensifying California’s Property Insurance Troubles
Feb 6 2025 // Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year,...
California Wildfire Losses: Net or Gross?
Feb 5 2025 // The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After all, consider that the most influential publication on what’s happening in property &...
Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners
Feb 5 2025 // Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up to $1 million in additional capacity above the California FAIR...
California Food Distributor Settles for $949,000 on Small-Business Contract Violations
Feb 5 2025 // The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims Act violations related to small business contract bidding. The company was accused of improperly...
California Faces Mudslide Threat From Flooding Rains After Wildfires
Feb 4 2025 // Weeks after wildfires that killed at least 29 people and destroyed entire neighborhoods, Southern California is facing another extreme-weather threat: Too much rain. After drenching the northern part of the state, a...
Tesla Sees Another Quarterly Decline in California Auto Sales Report
Feb 3 2025 // Tesla sales fell in California in the fourth quarter of 2024, bringing down overall sales of the popular vehicle further for the year, according to a new report. The California New Car Dealers Association released its...
