All the headlines from our California Topic Page, ordered by recency.
Jan 29 2019 // Establishing a California Wildfire Commission is just one idea an expert is tossing out to help the state deal with worsening fire seasons.James Woods was formerly co-leader of Mayer Brown’s Global Insurance Industry...
Jan 29 2019 // Power provider PG&E Corp. filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.The owner of the biggest U.S. power...
Jan 29 2019 // Tinder agreed to settle an age-discrimination lawsuit by users in California older than 28 who claimed they had to pay more for the dating app’s premium features than younger users. The settlement covers about...
Jan 29 2019 // Over the past few years, cities across America have experienced sudden downpours of shared electric scooters, piling up almost overnight on curbs, sidewalks and front-yards from Atlanta to Los Angeles.The phenomenon has...
Jan 28 2019 // California Insurance Commissioner Ricardo Lara on Monday announced that more than $11.4 billion in insured losses have been reported from the November 2018 fires.That is a 25 percent increase, or more than $2.3 billion,...
Jan 28 2019 // California fire investigators last week concluded that a major 2017 wildfire was caused by privately owned electrical equipment, prompting the state’s new governor to estimate that PG&E Corp’s potential...
Jan 28 2019 // As PG&E Corp. prepares to file for bankruptcy, victims of wildfires are getting a preview of how they’re likely to be treated as the utility reorganizes — harshly.Ahead of an expected filing for Chapter 11...
Jan 28 2019 // The government may be reopening, but the consequences of the longest federal shutdown in U.S. history are likely to linger for national parks, forests, the federal workforce and cutting-edge scientific research. Some may...
Jan 25 2019 // California fire investigators on Thursday concluded that a major 2017 wildfire was caused by privately owned electrical equipment, prompting the state’s new governor to estimate that PG&E Corp’s potential...
Jan 24 2019 // PG&E Corp. estimates it would cost as much as $150 billion this year alone to comply with a federal judge’s proposal to prevent wildfires.California’s largest investor-owned utility said U.S. District Judge...
Jan 23 2019 // The nation’s largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy.Pacific Gas & Electric said in a regulatory filing Tuesday it secured...
Jan 23 2019 // Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a request...
Jan 22 2019 // California’s deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state.After “two significant years in a row of losses, I think the discussion and the debate about the...
Jan 22 2019 // California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California.The bill was timed to follow the...
Jan 22 2019 // Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income.Net income...
Jan 22 2019 // Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm.The investment by the Public Sector Pension Investment Board is joined by...
Jan 22 2019 // Edison International said much of the damage from the mudslides that swept through the coastal town of Montecito last year was the result of poorly designed and maintained debris basins for which local governments are...
Jan 22 2019 // The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses,...
Jan 21 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re.A report from Munich Re on last...
Jan 21 2019 // It is time to take out our crystal ball and plan for 2019 and how our insurance industry will be impacted by the trends around us. Those that consider these changes, and plan ahead, will usually be in a better position...