Insurance Journal » Arnold Schwarzenegger

California Legislator: Feds Will Step Up Involvement in Insurance Industry

Don Jergler — Thu, 26 Jan 2012 00:29:13 +0000

“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 …

The article California Legislator: Feds Will Step Up Involvement in Insurance Industry appeared first on Insurance Journal.

2010′s Top Insurance Stories in the West

Patricia-Anne Tom — Wed, 22 Dec 2010 00:00:00 +0000

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 …

The article 2010′s Top Insurance Stories in the West appeared first on Insurance Journal.

Hundreds Victim to California Rainstorms

Tue, 21 Dec 2010 00:00:00 +0000

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, …

The article Hundreds Victim to California Rainstorms appeared first on Insurance Journal.

Calif. Assemblyman Villines to Serve on Flood Protection Board

Wed, 08 Dec 2010 00:00:00 +0000

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 …

The article Calif. Assemblyman Villines to Serve on Flood Protection Board appeared first on Insurance Journal.

Fire Surcharge X-ed Out of Calif. Budget

Sun, 31 Oct 2010 00:00:00 +0000

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 …

The article Fire Surcharge X-ed Out of Calif. Budget appeared first on Insurance Journal.

Declarations

Sun, 17 Oct 2010 00:00:00 +0000

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, …

The article Declarations appeared first on Insurance Journal.

Fire Surcharge Omitted From California Budget

Tue, 12 Oct 2010 00:00:00 +0000

Insurers are thanking their lucky stars, that 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 …

The article Fire Surcharge Omitted From California Budget appeared first on Insurance Journal.

Schwarzenegger Vetoes Workers’ Comp Bill

Thu, 07 Oct 2010 00:00:00 +0000

Calif. Gov. Arnold Schwarzenegger has vetoed a workers’ compensation insurance measure that would have required an employer and insurer to resolve disputes that arise in California to be resolved in the state, and the second AB 2490 did, however, provide …

The article Schwarzenegger Vetoes Workers’ Comp Bill appeared first on Insurance Journal.

Calif. Insurers Encouraged to ‘Go Green’

Tue, 05 Oct 2010 00:00:00 +0000

Insurers have new incentives to go green, thanks to a new law signed by California Gov. Arnold Schwarzenegger. AB 1011, authored by Assembly Dave Jones, who is running for Insurance Commissioner, requires the state Department of Insurance to collect data …

The article Calif. Insurers Encouraged to ‘Go Green’ appeared first on Insurance Journal.

Sun, 03 Oct 2010 00:00:00 +0000

Calif. Rating Bureau Wants to Lower Recommended Workers’ Comp Rate 2% The Workers’ Compensation Insurance Rating Bureau of California announced it will be amending its recommended rate filing to the state insurance commissioner, recommending a 27.7 percent increase in the …

The article appeared first on Insurance Journal.

Calif. Insurers Must Disclose Cancellation Fees

Sun, 03 Oct 2010 00:00:00 +0000

Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold Schwarzenegger. Previously, the law stated that an insured was entitled to …

The article Calif. Insurers Must Disclose Cancellation Fees appeared first on Insurance Journal.

Schwarzenegger Signs Homeowners Insurance Disclosure Law

Thu, 30 Sep 2010 00:00:00 +0000

California Gov. Arnold Schwarzenegger has signed into law new rules designed to make it easier for understand their choices when purchasing homeowners insurance. AB2022 will, on July 1, 2011, revise the mandatory language of the California Residential Property Insurance Disclosure …

The article Schwarzenegger Signs Homeowners Insurance Disclosure Law appeared first on Insurance Journal.

Calif. Governor Vetoes Workers’ Comp Measure

Wed, 29 Sep 2010 00:00:00 +0000

California Gov. Arnold Schwarzenegger has vetoed a workers’ compensation measure that would have required a physician who conducts a utilization review of workers’ comp medical treatment to be licensed in California (AB 933). “Such a requirement would be inconsistent with …

The article Calif. Governor Vetoes Workers’ Comp Measure appeared first on Insurance Journal.

Schwarzenegger Signs Surplus Line Bill Into Law

Tue, 28 Sep 2010 00:00:00 +0000

California Gov. Arnold Schwarzenegger has signed AB 1708 (Villines) into law, requiring the total capital and surplus requirements for nonadmitted insurers in California to be at least $45 million, up from $15 million. The law requires $25 million of this …

The article Schwarzenegger Signs Surplus Line Bill Into Law appeared first on Insurance Journal.

Schwarzenegger Extends Calif. Low Cost Auto Insurance Program

Mon, 27 Sep 2010 00:00:00 +0000

Calif. Gov. Arnold Schwarzenegger has signed legislation – AB 1597 authored by Assemblyman Dave Jones to maintain California’s innovative auto insurance program for low-income Californians with good driving records. The California Low Cost Auto Insurance program (CLCA), which was set …

The article Schwarzenegger Extends Calif. Low Cost Auto Insurance Program appeared first on Insurance Journal.

Schwarzenegger Rejects Pet Insurance Bill

Sun, 26 Sep 2010 00:00:00 +0000

Animal lovers won’t get relief navigating insurance policies for their pets after Gov. Arnold Schwarzenegger vetoed a bill requiring greater disclosure. The Republican governor vetoed legislation that would required insurance companies to provide more information about the level of veterinary …

The article Schwarzenegger Rejects Pet Insurance Bill appeared first on Insurance Journal.

California Processes 15.5% Fewer Surplus Line Premiums

Patricia-Anne Tom — Sun, 19 Sep 2010 00:00:00 +0000

State To Increase Surplus Line Requirements The Surplus Line Association of California has processed $1.9 billion in premium for the first six months of 2010, a decrease of 15.5 percent compared to the same period in 2009. The total number …

The article California Processes 15.5% Fewer Surplus Line Premiums appeared first on Insurance Journal.

Calif. Rating Bureau Wants to Lower Recommended Workers’ Comp Rate 2%

Wed, 15 Sep 2010 00:00:00 +0000

The Workers’ Compensation Insurance Rating Bureau of California announced it will be amending its recommended rate filing to the state insurance commissioner, recommending a 27.7 percent increase in the claim cost benchmark, instead of a 29.6 percent increase in the …

The article Calif. Rating Bureau Wants to Lower Recommended Workers’ Comp Rate 2% appeared first on Insurance Journal.

Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase

Sun, 05 Sep 2010 00:00:00 +0000

As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. 1, 2011. Pure …

The article Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase appeared first on Insurance Journal.

Surplus Lines Bills Await Schwarzenegger’s Signature

Mon, 30 Aug 2010 00:00:00 +0000

The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the total capital and surplus requirements for nonadmitted insurers …

The article Surplus Lines Bills Await Schwarzenegger’s Signature appeared first on Insurance Journal.

Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase

Thu, 19 Aug 2010 00:00:00 +0000

As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending among other things a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. …

The article Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase appeared first on Insurance Journal.

Schwarzenegger Opposes 30% Workers’ Comp Rate

Thu, 12 Aug 2010 00:00:00 +0000

California Gov. Arnold Schwarzenegger said he is concerned that the recommended 30 percent increase in the workers’ compensation claims cost benchmark will adversely affect state businesses. In a letter he sent to Insurance Commissioner Steve Poizner, Schwarzenegger said, “We must …

The article Schwarzenegger Opposes 30% Workers’ Comp Rate appeared first on Insurance Journal.

California Commissioner Asked to Raise Workers’ Compensation Rate

Timothy F. Kirn — Wed, 11 Aug 2010 00:00:00 +0000

The California Workers’ Compensation Insurance Rating Bureau’s Governing Committee has approved the recommendation to allow the pure premium rate in the state to rise by 29.6 perent, as was expected and widely reported. The Committee’s recommendation now goes to state …

The article California Commissioner Asked to Raise Workers’ Compensation Rate appeared first on Insurance Journal.

Court Rules in Favor of Calif. State Compensation Workers

Sun, 04 Jul 2010 00:00:00 +0000

About 7,900 employees of California’s State Compensation Insurance Fund are entitled to back pay after a state appeals court ruled in their favor over furloughs. The First District Court of Appeal in San Francisco ruled that the same state law …

The article Court Rules in Favor of Calif. State Compensation Workers appeared first on Insurance Journal.

California Launches Disaster Corps

Sun, 27 Jun 2010 00:00:00 +0000

California Gov. Arnold Schwarzenegger has launched the first-in-the-nation Disaster Corps to professionalize, standardize and coordinate trained disaster volunteers statewide. Disaster Corps volunteers will be registered by their local government organization under the Disaster Service Worker Volunteer Program and will meet …

The article California Launches Disaster Corps appeared first on Insurance Journal.

Court Rules in Favor of Calif. State Compensation Workers

Mon, 14 Jun 2010 00:00:00 +0000

The article Court Rules in Favor of Calif. State Compensation Workers appeared first on Insurance Journal.

Calif. State Fund Revises Rate Plan; Better-Performing Accounts to Benefit

Tue, 04 May 2010 00:00:00 +0000

California’s State Compensation Insurance Fund announced it will not be filing a mid-year rate increase. Instead, the workers’ compensation insurance provider said it will revise its rating plan to provide underwriters greater flexibility to reward better-performing accounts. The revisions — …

The article Calif. State Fund Revises Rate Plan; Better-Performing Accounts to Benefit appeared first on Insurance Journal.

California Estimates Easter Quake Damage at $91 Million

Tue, 20 Apr 2010 00:00:00 +0000

Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …

The article California Estimates Easter Quake Damage at $91 Million appeared first on Insurance Journal.

Judge: California Workers Ordered to Return to Work Immediately

Patricia-Anne Tom — Thu, 25 Mar 2010 00:00:00 +0000

Adding a wrinkle to California Gov. Arnold Schwarzenegger’s plan to furlough state workers to help shore-up the state budget deficit, a California Superior Court Judge has ordered that furlough days for certain state workers must end immediately. In February, Judge …

The article Judge: California Workers Ordered to Return to Work Immediately appeared first on Insurance Journal.

Calif. Insurance Commissionr Insurance Says His Post Should Be Appointed

Thu, 28 Jan 2010 00:00:00 +0000

California Insurance Commissioner Steve Poizner said that his position has become too politicized and should return to being one that’s appointed by the governor. Poizner, who is seeking the Republican gubernatorial nomination, made the comments during a meeting of the …

The article Calif. Insurance Commissionr Insurance Says His Post Should Be Appointed appeared first on Insurance Journal.