All the headlines from our California Topic Page, ordered by recency.
Mar 14 2024 // California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state.The plan now faces $311 billion in potential losses, up from...
Mar 13 2024 // An oil sheen spotted off the Southern California coast last week was possibly caused by a natural seep from the ocean floor, but the exact source still isn’t known, U.S. Coast Guard officials said.Authorities...
Mar 13 2024 // California Insurance Commissioner Ricardo Lara appointed new members and reappointed members to several state insurance boards and committees. New appointments include Ronald Coleman Baeza to the California Life and Health...
Mar 12 2024 // (Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas Panhandle.The experience of utility companies in California and Oregon sued over massive blazes...
Mar 12 2024 // Hub International Ltd. acquired the assets of Bolds Risk & Insurance Services in Larkspur, California. Ron Bolds, president of Bolds Risk, and the Bolds Risk team will join Hub Central and Northern California in the...
Mar 11 2024 // Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to the Golden State. No more.Texas officials on Thursday blamed the state’s...
Mar 11 2024 // A California court’s tentative decision in a dispute between the California Department of Insurance and the California Insurance Company “failed to undo the unprecedented use of the CDI’s conservation...
Mar 11 2024 // No recoverable oil remains in the water after a sheen was reported off the Southern California coast, but the cause remains unclear, officials said.Authorities detected the 2.5-mile long oil sheen Friday morning. Crews...
Mar 11 2024 // While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in...
Mar 8 2024 // Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to the Golden State. No more.Texas officials on Thursday blamed the state’s...
Mar 7 2024 // A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring...
Mar 7 2024 // Formerly licensed insurance agent Marcia Wable, 66, of Clovis, California, was arraigned on eight felony counts of embezzlement, forgery, and false impersonation after a California Department of Insurance investigation...
Mar 6 2024 // San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess...
Mar 6 2024 // Bayer on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company’s Roundup weedkiller.In addition to...
Mar 6 2024 // California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers...
Mar 5 2024 // Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities.For seven years now, the city of nearly...
Mar 5 2024 // AccuWeather meteorologists say California will be free of widespread drought through the end of 2025 on the heels of a blizzard that dumped more than 80 inches of snow on the mountains of northern and central...
Mar 4 2024 // When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with...
Mar 4 2024 // A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative trauma claims that involve physical or mental injuries from repetitive stress,...
Mar 4 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines offices released by the Wholesale & Specialty Insurance Association...