Arnold Schwarzenegger News

Schwarzenegger’s UK Ad Campaign Drives Hike in Claims for Mis-Sold Insurance

Complaints about financial services firms rose by 13 percent in the second half of last year, driven by an increase in grievances about the mis-selling of payment protection insurance after an ad campaign featuring Arnold Schwarzenegger. Complaints to the Financial …

Schwarzenegger Is Back – in UK Awareness Campaign About Mis-Sold Insurance

U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign featuring an animatronic head of Arnold Schwarzenegger. Misleading some customers in selling as many as 64 million payment protection insurance …

Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal

The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a decision,” in a campaign launched on Tuesday to raise awareness of Britain’s costliest consumer mis-selling scandal. The Financial Conduct Authority …

Schwarzenegger Discusses Risk at California Insurance Forum

It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them does. Actor Arnold Schwarzenegger on Monday …

California Legislator: Feds Will Step Up Involvement in Insurance Industry

“Listen to me now, understand me later.” State Sen. Juan Vargas, D-San Diego, gave a well-received Arnold Schwarzenegger impression, chest heaving and heavy on the former California governor’s thick Austrian accent. Vargas, a former president of external affairs for Safeco …

2010’s Top Insurance Stories in the West

In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …

Hundreds Victim to California Rainstorms

Following a series of powerful storms that brought heavy, record-setting rain, snow and high winds to California, insurers report their employees are on-hand to help victims. Meanwhile, Gov. Arnold Schwarzenegger has proclaimed a state of emergency in Kern, Orange, Riverside, …

Calif. Assemblyman Villines to Serve on Flood Protection Board

Calif. Governor Arnold Schwarzenegger has appointed former Assembly minority leader Michael Villines to the Central Valley Flood Protection Board Villines lost a bid for state insurance commissioner last month. The new post pays $40,669 annually. The position requires confirmation by …

Fire Surcharge X-ed Out of Calif. Budget

For the third year in a row, California Gov. Arnold Schwarzenegger’s proposal to impose a 4.8 percent statewide surcharge on all residential and commercial property insurance premiums for fire suppression efforts did not come to fruition. The governor’s proposal, known …

Declarations

Inflationary Increase “The previous $15 million capital and surplus requirement has been in place since the ’90s, so is not near as meaningful in guaranteeing financial solvency of surplus line insurers today. This is a needed inflationary increase.” —Ted Pierce, …