California economy News

California has a near $2 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. Insurers contributed $30.2 billion to California’s 2011 …

If a monster earthquake struck off Alaska’s coast, tsunami waves would rush toward California, swamping the nation’s largest port complex and causing major economic damage. That’s according to a hypothetical scenario released Wednesday by the U.S. Geological Survey and others …