Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
Trump Asserts Federal Government Power Over California Water
Jan 28 2025 // President Donald Trump is asserting more federal government control over water management decisions in California and ordering U.S. officials to override local authorities, casting the steps as necessary to boost the...
Southern California Edison: Details on Transmission Lines in Eaton Amid Wildfire Probe
Jan 28 2025 // Southern California Edison, a unit of utility Edison International, said on Monday preliminary analysis of data showed a “momentary and expected increase in current” on its energized lines in the Eaton Canyon...
Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze
Jan 27 2025 // Fire investigators have asked Southern California Edison Co. to preserve its equipment near the site where the deadly Eaton fire began earlier this month. The Los Angeles County Fire Department, the lead agency...
California Storm Raises Mudslide Risk, Closes Interstate
Jan 27 2025 // Southern California will clock a few more tense hours as showers continue to soak the burn-scarred landscape around Los Angeles. While the rains are helping fight wildfires that have killed at least 28 and destroyed more...
New Wildfires Erupt in California, Forcing Thousands to Evacuate
Jan 23 2025 // Two new wildfires that erupted in Southern California are spreading quickly over dry hillsides and forcing evacuations, stoking new fears in a region that’s been devastated by recent deadly blazes. The Hughes Fire,...
World Insurance Associates Acquires Business Contractors Insurance in California
Jan 21 2025 // World Insurance Associates LLC acquired the business of Business Contractors Insurance Services in Santee, California. BCIS was founded more than 15 years ago. The firm provides insurance services to individuals and...
Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
Jan 17 2025 // California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change —...
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Jan 17 2025 // Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not...
California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
Jan 17 2025 // Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’...
Moody’s Says LA Fire May Pose Risk to Southern California Edison
Jan 16 2025 // The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...
A Los Angeles Actuary on Lessons From the Palisades Fire
Jan 16 2025 // I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a...
Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
Jan 16 2025 // The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are...
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Jan 16 2025 // Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for...
California Expands Moratorium on Homeowners Insurance Cancellations, Non-Renewals
Jan 15 2025 // California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance...
