California’s Marijuana Industry Gets Its First Insurer
Since last year, Californians are allowed to grow and possess marijuana. Now, the most populous U.S. state has taken another step to bolster the cannabis business by deciding to give insurance cover to the multi-billion dollar industry.
November 3, 2017
Excess & Surplus Lines
California
More Wine Country Wildfire Victims File Suits Against PG&E
All it took Lars and Ulla Tandrup was a single glance at the blazing facade of their Quietwater Ridge home early Oct. 9 to realize they couldn’t reach their cars and would have to run for their lives.
November 2, 2017
Catastrophe
Excess & Surplus Lines
Liability
Litigation
Property
California
California DOI: Wildfires Losses At $3.3B, Rising
Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on Tuesday.
November 1, 2017
Auto
Catastrophe
Property
California
Insured Losses From Deadly California Wildfires Could Hit $3B
Insured property losses from wildfires that raged through Northern California wine country this month, killing at least 42 people and destroying thousands of businesses and homes, could total $2 billion to $3 billion, a risk-modeling firm said on Thursday.
October 27, 2017
Auto
Catastrophe
Property
California
California Deputies Hurt In Las Vegas Massacre Are Denied Workers’ Comp
A group of Southern California law enforcement officers who rushed to save lives during a gunman’s deadly rampage in Las Vegas returned home wounded but alive. Yet, while they were hailed for their heroic efforts, there is one benefit they won’t be afforded as they recover physically and psychologically from the Oct. 1 attack: workers’ compensation.
October 26, 2017
Workers' Compensation
California
Nevada
27 Wineries Damaged Or Destroyed By Recent Fires
Here’s a partial list of the wineries damaged or destroyed by the deadly fires that ravaged northern California earlier this month. The situation is fluid and the list will undoubtedly change as properties are assessed.
October 26, 2017
Property
California
California’s Wine Country Wildfires Near Containment Even As Structure Loss Grows
The number of structures destroyed by the 245,000-acre Northern California wildfires climbed to 8,400 and authorities warned Monday the total could continue to go up as crews assess damage in scorched areas.
October 26, 2017
Catastrophe
Property
California
California DOI Estimates $1.05B In Wildfire Losses
The California Department of Insurance has released an estimate for the damages left behind by the catastrophic wildfires that have left historic damages in the state. The department believes the insured wildfires losses will reach at least $1.05 billion.
October 25, 2017
Auto
Catastrophe
Property
California
Estimated Insured Losses From California Wildfires: $1.05 Billion
The California Department of Insurance said on Thursday its preliminary estimate for insured wildfire losses was $1.05 billion, based on claims received by the state’s eight largest insurers, adding that it expected the numbers to rise.
October 20, 2017
Auto
Property
California
Another Child Dies Under Recalled Ikea Dresser
A 2-year-old boy in California is reportedly the eighth child to be killed by an Ikea dresser that was recalled in June 2016. The family’s lawyer told ABC News that the boy, Jozef Dudek, died in May when the three-drawer dresser tipped over during his naptime.
October 20, 2017
Liability
Litigation
California
California Wildfires Roundup: Latest Details, Map
Cal Fire reports Tuesday morning that in the past week, more than 245,000 acres have burned across California. More than 11,000 firefighters continue making progress on 12 large wildfires burning in the state, said Lynne Tolmachoff, Cal Fire spokeswoman, in a release.
October 18, 2017
Auto
Property
California
California Wineries May Face Coverage Gaps, Co-Insurance Costs After Wildfire Damage
Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding costs.
October 18, 2017
Excess & Surplus Lines
Property
California
California Wildfires Have Destroyed At Least 5,700 Buildings
State officials announced Friday that the wildfires across Northern California have destroyed at least 5,700 buildings. An analysis by The New York Times using satellite images in combination with its own ground surveys found that one fire in particular incinerated at least 5,100 structures, which would make it the most destructive wildfire in the state’s history.
October 16, 2017
Auto
Property
California
Wildfires Put $25B Of Southern California Housing At Extreme Risk
Wildfires like Canyon 2 that has scorched parts of Anaheim, Orange and Tustin are why Southern California is home to two of the nation’s riskiest housing markets for wildfires.
October 12, 2017
Property
California
On Fire From Disneyland To Wine Country, California Must Rethink Disaster Risk
Puerto Rico is in ruins. Thousands are displaced in Houston. The Gulf Coast is bracing for a fresh round of hurricanes. Now, epic wildfires are incinerating California.
October 11, 2017
Catastrophe
Legislation & Regulation
Property
California
