All the headlines from our California Topic Page, ordered by recency.
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...
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’...
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...
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...
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...
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...
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...
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...
Jan 15 2025 // Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows.Data from the...
Jan 15 2025 // Lincoln-Leavitt Insurance has acquired Pyorre Insurance Agency in California.Pyorre Insurance Agency’s Lakeport office will relocate to Lincoln-Leavitt Insurance’s location in Lakeport, California, by the end...
Jan 14 2025 // As deadly wildfires continue to rage in Los Angeles, a Republican congressman from Texas says federal lawmakers will consider tying relief funding for California to policy changes in the state.“California has some...
Jan 14 2025 // Navion insurance Associates Inc. has acquired Pegasus Capital & Insurance Services Inc. in California. Pegasus Capital & Insurance Services is an insurance agency that specializes in serving the commercial...
Jan 13 2025 // Lincoln-Leavitt Insurance has acquired Pyorre Insurance Agency in California.Pyorre Insurance Agency’s Lakeport office will relocate to Lincoln-Leavitt Insurance’s location in Lakeport, California, by the end...
Jan 11 2025 // LOS ANGELES, Jan 11 (Reuters) – Aircraft dropped water and fire retardant on steep hills to stem the eastward spread of the Palisades wildfire in Los Angeles on Saturday as on-the-ground firefighting intensified amid...
Jan 9 2025 // The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance...
Jan 9 2025 // California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings at work.The state’s Chamber of Commerce and California Restaurant Association filed the...
Jan 8 2025 // Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say...
Jan 8 2025 // Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California.Mercury says it is the first major insurance company to begin offering...
Jan 7 2025 // Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made defamatory comments about the oil company’s ability to recycle plastic.Exxon accused Bonta,...
Jan 7 2025 // A former insurance agent plead guilty to stealing premium from a premium finance company.Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in...