PG&E Agrees to $45M Penalty to Settle Action Over 2021 Dixie Wildfire

Utilities increasingly cause of wildfires amid climate change

PG&E has agreed to pay a $45 million penalty to settle an action brought by California’s public utilities regulator for its part in the Dixie Fire in 2021, which burned through five counties in the north of the state and took three months to extinguish.

CA Commissioner to Unveil Changes to California Home, Auto Insurance Rate Process

Newsom to allow higher insurance rates

Insurance Commissioner Ricardo Lara told state lawmakers on Wednesday that his office would soon begin unveiling the first in a series of highly-anticipated rule changes that could affect the price and availability of home and auto insurance in California.

Leaked Data Reveals 26 Billion Account Records Stolen from Twitter, LinkedIn and More

Cyber attack against LinkedIn, Snapchat, X, Venmo

Dubbed the “Mother of all breaches,” the massive leak revealed 26 billion records (including popular sites such as LinkedIn, Snapchat, Venmo, Adobe and X, formerly Twitter) in what experts are calling the largest leak in history.

Insurers Seek Reimbursements from Hawaiian Electric, Others for Maui Wildfire Claim Payments

Utilities increasingly cause of wildfires amid climate change

More than 140 insurance industry plaintiffs have joined the cascade of lawsuits filed against utilities and landowners related to the Maui wildfires, a move that could set up a battle over resources available to pay victims of the disaster that killed 100 people and destroyed much of Lahaina in August.

Elected Insurance Commissioners’ Balancing Act: Constituent vs. Insurer Needs

Balancing needs of constituents and insurers

There are calls from the public, insurers, and legislators for reforms and solutions as the insurance industry battles climate change, the high cost of inflation, and nuclear verdicts. In the crossfire are elected insurance commissioners, who need to balance what their constituents want and elected them to do and what insurers need to do to cover losses adequately. Eleven states elect commissioners, while the other 39 and D.C. are appointed.