California’s Recent Floods Prove We’re Not Prepared for What’s Coming

As recent weather events in California demonstrate, most property owners should be doing much more to prepare for heavy rains and flooding.
February 20, 2023 Insurance Industry Property Risk Management California

California’s Tort Wars Prevalent In Legislative Sessions

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.
February 3, 2023 Legislation & Regulation Litigation California

Tesla Car Battery ’Spontaneously’ Catches Fire On California Freeway

A Tesla car battery "spontaneously" burst into flames on a California freeway Saturday, and firefighters needed 6,000 gallons of water to put it out.
January 30, 2023 Auto California

California Court Refuses Summary Judgment To Insurer In COVID Case

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.
January 30, 2023 Liability Property California

CAT Modeler Estimates Insured Losses From California Floods May Reach $1.5B

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.
January 25, 2023 Auto Catastrophe Property California

Major California Auto Insurers Resist Issuing New Policies

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.
January 23, 2023 Auto California

Tesla Video Promoting Self-Driving Was Staged, Engineer Testifies

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.
January 18, 2023 Auto Liability Litigation California

Insurer Introduces Commercial Parametric Flood Coverage In Five States

Parametric flood insurer FloodFlash has announced that it has entered into the US insurance market.
January 17, 2023 Property California Florida Louisiana Texas Virginia

California Adopts New Restrictions On Time-Limited Settlement Demands

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.
January 12, 2023 Liability Litigation California

Hundreds Of Homes In Santa Cruz Region Damaged By Flooding, Wind

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.
January 10, 2023 Property California

California’s Capitola Village Battered By Supercharged Storm Surge

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.
January 6, 2023 California

California Facing ‘Brutal’ Wind & Rain Impacts From Atmospheric Rivers

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.
January 4, 2023 Property California

Business Insurance Battle For COVID Losses Shifts To State High Courts

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.
January 3, 2023 Litigation Property California

Revisiting The Rules Of Policy Interpretation

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.
December 29, 2022 Liability California

California Insurance Commissioner Faces New Accusation Of Favoring Insurers

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.
December 28, 2022 Legislation & Regulation California
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