West News

ACIC Testifies Against Reinsurance Regulations for Calif. Insurers

The Association of California Insurance Companies (ACIC) is testifying against proposed Department of Insurance reinsurance regulations that the association says would make it more difficult for insurers to do business in California. “The regulations propose unprecedented regulatory mandates on reinsurance …

Safeco Posts Nearly 5 Percent Revenue Increase

Seattle-based Safeco has announced its fourth quarter and year-end results. The company reported its net income for the fourth quarter of 2005 was $190.7 million, compared with $179.8 million during the same period the previous year. For the full year, …

Calif. Plane Crash Kills Four

Four people were killed Tuesday morning when a small airplane skidded off the end of the runway at the McClellan-Palomar Airport near San Diego. The plane took off in Hailey, Idaho, near Sun Valley, and crashed around 6:40 a.m. when …

High Winds Fuel Calif. Fires

Southern California residents awoke Tuesday morning to continued high winds, leaving officials worried about more fires breaking out. The Santa Ana winds, which began over the weekend, contributed to several fires, downed power lines and overturned vehicles. A wildfire aided …

Lees Joins Athens Administrators

Bruce Lees has been named vice president of sales for Athens Administrators in Concord, Calif. Lees is a veteran of 12 years in the insurance industry with experience in property and casualty, workers’ compensation, risk consulting, loss control and claims …

Calif. Commissioner, Auto Club Warn Consumers of Flood-Damaged Cars

California Insurance Commissioner John Garamendi joined the Automobile Club of Southern California Tuesday to warn Southland used-car buyers who might be duped into purchasing a flood-damaged vehicle hauled from hurricane-ravaged Gulf Coast states. According to the Commissioner’s office, seven 2005 …

Self Insured Solutions Adds Groups

Self Insured Solutions (http://www.calsig.com/), a California developer and administrator of private self insured workers’ compensation groups, reported the formation of three new agriculturally oriented Self Insured Groups (SIGs). “All three of these SIGs are up and ready for enrollments,” according …

Calif. Commissioner Wants to Expand Low Cost Auto Program to 8 Counties

California Insurance Commissioner John Garamendi announced plans to expand the California Low Cost Automobile Insurance Program CLCA) to eight counties in 2006. Recent legislation — Senate Bill 20 — recently expanded the program to six counties, effective April 1, 2006. …

Calif. Alliance Sets 2006 Agenda

The Alliance of Insurance Agents and Brokers Board of Directors recently adopted a strategic plan for the association at its first 2006 meeting in Pomona, Calif. Among the plans are to: *Pursue an aggressive membership growth campaign; *Provide free agency …

Calif. Bill Would Require Insurers to Report Community Investments

Legislative action has occurred on California Assembly Bill 925. The bill would require insurers to report biannually to the insurance commissioner their community development investments. When it was initially introduced, AB 925 would have required insurers to invest 1 percent …

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