PG&E Corp. will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. Payments to the …
A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department of Insurance is reviewing an application for the sale of the Calif.-based Berkshire Hathaway subsidiary. CDI officials confirmed with Insurance …
A $10 million legal claim was filed against the city of Phoenix that says police officers committed civil rights violations by pointing guns and profanely yelling commands at the father and pregnant mother of two young daughters because one of …
Hub International Ltd. has acquired Foster & Parker Insurance Agency Inc. Terms of the deal were not disclosed. Steve Barsotti, president of Foster & Parker Insurance, and the staff will join Hub California. Foster & Parker Insurance is an independent …
Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive climate policy, saying …
Cal/OSHA has cited an Anaheim, Calif. solar panel installation company $193,905 for multiple serious workplace safety hazards including one willful serious accident-related violation, following an investigation of a worker who was seriously injured after they fell from the roof of …
The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake for a same-sex wedding in a case that revived a fractious debate over religious rights and equal treatment. After more …
The U.S. Geological Survey confirmed a magnitude 3.2 earthquake hit central California. The agency says the earthquake hit a spot 11.4 miles southwest of Darwin, a town of about 36 people, at 6:48 p.m. The agency says the earthquake had …
TigerRisk Partners LLC has named Lindsey Frase a partner and member of its North American current client division. Frase will report to Wade Gulbransen, global head of reinsurance. Frase started her reinsurance industry career working for Guy Carpenter. In 2006 …
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of The California Casualty Indemnity Exchange in San Mateo, Calif., and its wholly owned subsidiaries. …
