Nothing is more pervasive in California’s Capitol than what have been dubbed ‘tort wars’ -- skirmishes over rules governing personal injury lawsuits. No session of the Legislature is complete without at least one clash over who can sue whom for what act and collect damages that can potentially reach hundreds of millions of dollars.
A Los Angeles state court on Thursday refused to grant an Allianz SE unit’s motion for summary judgment in a COVID-19-related business interruption case that was returned to a lower court after a pro-policyholder state appeals court ruling.
Moody’s RMS, the catastrophe risk modelling specialist, has estimated that the recent severe flooding in California, that was triggered by a spate of storms and atmospheric river events, could amount to as much as $1.5 billion in losses for the insurance industry.
Major auto insurers are pulling back in the California marketplace because they are saying our drivers are just too expensive to insure. Californians are driving about as much as they were before the pandemic, but apparently not as well.
A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer.
Effective January 1, 2023, new rules govern pre-suit time-limited settlement demands in California. Section 999, et seq. of the California Code of Civil Procedure governs time-limited settlement offers made to a tortfeasor with liability insurance for purposes of settling the claim within the limit of insurance.
Chuck Hawley stared out at the waves swirling through Monterey Bay as he prepared to destroy the small beachfront home his parents built by hand in 1957. He had no choice: Storm-fueled waves in the region, just east of Santa Cruz, had torn the 1,100-square-foot house off its foundations and floated it 30 feet into the street.
This charming seaside village was ravaged Thursday by ferocious ocean swells that destroyed a 40-foot section of the historic Capitola Wharf, inundated the once-lively beachfront restaurants and flooded the picturesque painted bungalows that line the beach, ripping off the facade of one of them.
The US state of California is already facing flooding after torrential rains triggered by a first atmospheric river event that has driven storms and rainfall in from the Pacific, but forecasters are saying another ‘brutal’ period of wind and rain is expected to begin from Wednesday that could exacerbate the potential insurance market loss situation.
Every federal appellate court to consider the question so far has ruled that commercial all-risk property insurance policies do not cover income lost due to the Covid-19 pandemic, but policyholders’ lawyers say the fight is just getting started on the battlegrounds that matter the most: the state supreme courts.
In Yahoo Inc. v. National Union Fire Ins. Co. of Pittsburgh, the California Supreme Court applied established rules of policy interpretation and found that the definition of ‘personal injury’ in Yahoo’s policy was ambiguous.
In the weeks and months following his 2018 election as the top insurance regulator in California, Ricardo Lara began meeting with and accepting political contributions from the very companies he had just been elected to oversee.