Climate change

The California State Assembly has introduced a bill to issue catastrophe bonds to shore up the state's last-resort property insurance, the FAIR Plan. Bonds would remove the burden of L.A. wildfire fallout from taxpayers, insureds and insurers. But analysts say a nationalized risk pool might be necessary.

To keep pace with emerging risks, insurers must carefully identify which technologies can truly mitigate risk and reduce losses.

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change.

It's not an unthinkable notion. There have been a handful of attempts at systematically moving populations away from regions severely affected by climate change.

The insurance market going into the Jan. 7 catastrophe already had been hit with non-renewals and cancellations -- and an overburdened state-supported insurance plan. A Morningstar analyst said the state insurance commissioner's reform strategy could have turned it around but now faces new obstacles.

Among the top risks cited by executives were cyber incidents, business interruption and the impacts from natural catastrophes.

A round up of announcements and actions by California Insurance Commissioner Ricardo Lara and the state's Department of Insurance to assist residents with claims and insurance-related issues.

It's essential for insurers to be ready when disasters strike.

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California.

The city of Los Angeles' electric and water utility was hit with a lawsuit faulting it for not supplying enough water to fight the biggest fire still raging in the second-largest U.S. metropolis.