California News

TWFG Insurance Services Expands in Texas, California, and Washington

The Woodlands, Texas-based TWFG Insurance Services is expanding with 15 more branch locations in Texas, two additional in California, and another in Washington, the company announced. TWFG Insurance specializes in products and services for homeowners, auto and small business insurance …

California County to Pay $3M in Jail Heroin-Withdrawal Case

A California jury has determined that San Diego County will have to pay $3 million to the parents of a heroin-addicted man who died of an asthma attack while detoxing in jail. The parents of Daniel Sisson sued the Sheriff’s …

California Voters Reelect Jones, Soundly Reject Props. 45 and 46

Californians voted against two measures opposed by the insurance industry, and reelected incumbent Insurance Commissioner Dave Jones. Election results from Tuesday show the Democrat Jones won reelection with 56.3 percent of the vote. He defeated Republican challenger Ted Gaines, who had …

California Drought Bad Tidings for Rice Harvest

California’s deepening drought is shrinking its rice harvest, and that’s bad news for farmers, migratory birds and sushi lovers. The $5 billion industry exports rice to more than 100 countries and specializes in premium grains used in risotto, paella and …

Judge: Sailors Can Sue California Company Over Fukushima Exposure

U.S. Navy personnel who were exposed to radiation from Japan’s wrecked Fukushima plant during earthquake and tsunami relief efforts in 2011 can sue the power station’s operator in California, a court ruled. U.S. District Judge Janis L. Sammartino in San …

California Malpractice Proposition Hit by Polls, Studies, Spending

Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums. The studies and heavy advertising by the opposition to Proposition 46, the Medical Malpractice …

Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank

Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

California No-Bid Health Contracts Draws Probe

California’s health insurance exchange is facing calls for a state investigation of its contracting practices, while a state senator urged the agency to account for deals that steered millions of dollars to a firm whose employees have long-standing ties to the …

Experts: Insurance Distribution Future Online and Personalized

The future of insurance distribution was discussed at the CPCU Society’s annual All Industry Day in California on Tuesday. The day-long conference at the Sportsmen’s Lodge in Studio City included panels on the economy, business interruption and cyber liability. During …

Abacus Brokers, Golden Bear Launch Online Earthquake Program

Abacus Insurance Brokers Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has partnered with Golden Bear Insurance Co. for its new online residential earthquake program. The program enables a homeowner to select from a variety of …