California Insurers Urged To Sell Cannabis Coverage
California Insurance Commissioner Dave Jones has previously urged insurers to sell legalized cannabis industry insurance products. He is now renewing this call on the heels of recent reports that President Donald Trump has ignored federal law enforcement policies put in place by Attorney General Jeff Sessions.
April 30, 2018
Excess & Surplus Lines
California
3 Dead, 3 Hurt In Fiery 2-Vehicle Crash In South LA
Three people were killed and three more critically injured in a two-vehicle crash in South Los Angeles Saturday evening.<br />The deceased included two children, authorities said.
April 30, 2018
Auto
Liability
California
$55M In Fire Damage Estimated At Construction Site In Concord, California
A major fire ripped through an apartment building under construction in Concord early Tuesday, forcing the evacuation of 250 people from the residential complex next door and injuring two people there.
April 25, 2018
Excess & Surplus Lines
Property
California
Insurance Lobby Making Stand Against Bills To Help California Fire Victims
The property-and-casualty insurance industry is making a last-minute bid to derail or significantly alter two pieces of legislation that would bring relief to fire victims who lost their homes in October, bill supporters said Tuesday.
April 25, 2018
Legislation & Regulation
Property
California
15 Injured, At Least 100 Displaced After 5-Alarm Fire Erupts In San Jose
Officials said at least 15 people have been injured and at least 100 are displaced after a 5-alarm fire erupted in San Jose early Tuesday morning.
April 18, 2018
Excess & Surplus Lines
Property
California
A Look At San Francisco’s Seismic Safety On Anniversary Of Historic 1906 Earthquake
Sailors arriving in San Francisco in the 19th century used two giant redwood trees perched on a hill to help guide their ships into the bay. The redwoods were felled for their lumber at around the time of the gold rush, but San Francisco now has a new beacon: Salesforce Tower, the tallest office building in the West.
April 18, 2018
Catastrophe
Legislation & Regulation
Property
California
PG&E Jolted By Wildfire Lawsuit From Dozens Of Insurance Companies
Dozens of insurance companies have filed a lawsuit against PG&E in connection with the company’s role in wildfires that scorched the North Bay wine country and nearby regions, litigation that intensifies the financial pressure on the embattled utility.
April 17, 2018
Excess & Surplus Lines
Liability
Litigation
Property
Subrogation
California
Jury Finds GEICO Insurance Guilty Of Bad Faith, Awards Almost $23 Million in Damages
Newport Beach law firm Allen, Flatt, Ballidis & Leslie announced today that an Orange County jury has found GEICO Indemnity Insurance Co. (GEICO) guilty of operating in bad faith and using organization-wide stalling tactics to drag out an auto insurance policy settlement with a disabled Irvine businessman for almost six years.
April 13, 2018
Liability
Litigation
Risk Management
California
Six Months Later, Fire Victims Still Fighting Insurance Company
Monday marked six months since the first full day of the firestorm that destroyed entire neighborhoods in Napa and Sonoma counties. But half a year later, some families say they are still unable to move on, and they blame roadblocks from their insurance company.
April 10, 2018
Property
Risk Management
California
California Cannabis Insurance Claim Payout Is Largest To Date
A cannabis insurance payout has recently broken prior records in California. The Thomas Fire burned through a legal marijuana business at the close of last year (and the start of this one). The payout for the insurance claim was $1 million — higher than any previous payout in this category.
April 9, 2018
Excess & Surplus Lines
California
Earthquake A Reminder Of Risk, Reality Of Life In The Golden State
Southern California was rattled Thursday by a magnitude 5.3 earthquake that struck near the Channel Islands.
April 6, 2018
Catastrophe
California
Waymo CEO Says Self-Driving Tech Not To Blame In Deadly Tesla Crash
As controversy swirls around the death of a Model X driver last month, the head of Alphabet Inc.’s self-driving car unit is drawing distinctions between his company’s technology and Tesla Inc.’s Autopilot.
April 5, 2018
Auto
Liability
Technology
California
Trail Of Suspicious Claims Leads To Arson, Insurance Fraud Charges
A Winnetka man who owned a dental office building in Corona that was ravaged by a 2014 fire has pleaded not guilty to several insurance fraud charges plus grand theft, after an investigation outlined a series of suspicious claims for the building.
April 5, 2018
Fraud
Property
California
California Mudslide Insurance Losses Exceed $421M
A series of deadly mudslides along Southern California’s coast in January caused more than $421 million insured losses, the state’s insurance commissioner said on Monday.
April 3, 2018
Auto
Property
California
U.S. Safety Agency Criticizes Tesla Crash Data Release
The U.S. National Transportation Safety Board said on Sunday it was “unhappy” that electric car maker Tesla Inc (TSLA.O) made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month.
April 2, 2018
Auto
Liability
Technology
California
