California News

State of the P&C Insurance Industry 2017 Report—Chris Burand

San Diego, CA, May 30, 2017- Highly respected and outspoken insurance agency and industry consultant Chris Burand shares his “must-read” annual state of the property/casualty insurance industry report with his forecast for the industry and independent agents. Burand looks at …

Small Undersea Quake Jostles California Coast West of Malibu

A minor undersea earthquake has jiggled a small stretch of the Southern California coast in Los Angeles and Ventura counties, the U.S. Geological Survey confirmed. The USGS says the magnitude-3.3 temblor occurred just before 7:20 a.m. Thursday. The epicenter was …

California Auto Dealer Awarded $256M in Nissan Suit

A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled in favor of Michael …

California’s Single-Payer Bill Comes with $400B Price Tag

A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases, legislative analysts said. Much of the cost would be offset by existing …

XDimensional Technologies Announces Expanded Capability to Support Usage-Based Insurance and Telematics

Support for Usage-Based Insurance and Telematics allow Carriers, MGAs/MGUs, Program Managers, and Wholesalers to access new market opportunities Brea, CA, May 24, 2017 – Today, XDimensional Technologies announced the XD Insurance Processing Platform™ now supports Usage-Based Insurance (UBI) and Telematics, …

Study: Comp Reform Led to Drop in Medical Payments Per Claim in California

California’s total costs per workers’ compensation claim with more than seven days of lost time have remained stable after the passage of workers’ comp reform, while most other states experienced an increase during this period, according to a study by …

BIG Independent Group Names 2017 Biggie Award Winners

Independent Agents Association Honors Insurance Industry Stars. Indian Wells, CA, May 12, 2017- The BIG Independent Group, a leading association of independent agent and brokers, was pleased to bestow its BIGGIE Awards for the 8th year in a row. The …

The Liberty Company adds Jeffrey Shibata to Executive Management Team

Woodland Hills, CA, May 3, 2017- The Liberty Company Insurance Brokers is proud to announce the hiring of Jeffrey Shibata as Executive Vice President and Director of Insurance Operations. Jeffrey brings over 30 years of experience to Liberty, with an …

Workers Injured at Facebook Construction Site in California

Authorities say work has halted at a Facebook building under construction after an equipment failure caused part of the structure to collapse, injuring two workers. KNTV reported two construction workers were injured after they fell about 40 feet while assembling …

$11.4M Settlement from California Oxygen Equipment Supplier

A company in California’s Bay Area that sells home oxygen equipment has agreed to pay more than $11 million to settle allegations that it profited from filing false reimbursement claims with the government. The San Francisco Chronicle reported the Justice …