West News

CannGen Launches Workers’ Comp Program Through Crum & Forester

CannGen Insurance Services LLC is now offering workers’ compensation coverage for the legal cannabis industry through specialty insurance provider Crum & Forster. The program is available in all 50 states. CannGen policyholders can access C&F Connect, an online portal designed …

California Body Shop Owner Charged With Insurance Fraud on Bait Car

A San Jose, California, body shop owner was charged with insurance fraud following an undercover sting operation that reportedly revealed he jacked an insurance damage estimate on a bait car. The operation, led by investigators from the Santa Clara County …

PrestigePEO Acquires Concurrent HRO in Colorado

PrestigePEO acquired Concurrent HRO, a Colorado-based professional employer organization. Concurrent HRO’s team is remaining in place. The acquisition is PrestigePEO’s fifth, and it expands PrestigePEO’s presence in the Midwest and Mountain regions. Related: Big Threat? Payroll Companies Taking Insurance Biz …

Insurer Payouts Now at $12B for LA Wildfires, Report Shows

Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California Insurance Commissioner Ricardo …

Lloyd’s Said It Will Lose $2.3B From LA Wildfires

Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. The company revealed the losses …

AM Best Revises Outlooks for Members of Grange Insurance Group in Washington

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its reinsured subsidiary Granwest Property & Casualty. …

Viewpoint: The Evolution of Homeowners Insurance in California—From Niche to Necessity

For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental, and the market largely catered to established patterns of risk and pricing. This stability, however, has been disrupted recently, with …

A California City Is Pioneering Urban-Scale Insurance for Climate Disasters

“Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as the embers of the fires in the Pacific Palisades and Altadena were still smoldering. They were a grim reminder that …

California School District Settles Age Discrimination Case

The Washington Unified School District in Fresno, Calif. settled a federal charge of firing a 65-year-old teacher. The age discrimination charge was filed in April 2022 by the U.S. Equal Employment Opportunity Commission alleging that the employee was denied reasonable …

People Moves: Powers Joins Alliant Insurance Services as SVP, Employee Benefits Group

Ashley Powers joined Alliant Insurance Services as senior vice president within its employee benefits group. She is based in Alliant’s headquarters in Irvine, California. Powers has more than 13 years of experience in the benefits industry. Before joining Alliant, Powers …

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