Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Replacement Costs Battle on the Road to Somewhere
May 7 2012 // Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is...
Business Moves – West
May 7 2012 // SIAA Hampton, N.H.-based Strategic Insurance Agency Alliance has signed nine new members in the Western United States. The new members include: Farling Insurance Agency of Litchfield Park, Ariz. Baldrica & Company of...
Too Old to Care
May 7 2012 // Put the following in the “I’ll be dead or too old to care” category. Drivers will save $68 billion in fuel costs when the Obama Administration’s 54.5 miles-per-gallon standard is fully implemented...
Appellate Court Dismisses Challenge To CDI Replacement Costs Regulation
May 3 2012 // The California Court of Appeal summarily dismissed a legal challenge by the Association of California Insurance Companies and the Personal Insurance Federation of California to homeowner protection regulations adopted by...
$20M-Plus Crop Damage When Storm Shreds Central California Orchards
May 3 2012 // A fierce spring storm that shredded Central California orchards last month caused more than $20 million damage in Kings County. Other San Joaquin Valley counties are still tallying the damage to crops when quarter-sized...
C.M. Meiers Legal Battle Goes On, Allegations Heat Up
May 3 2012 // With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the legal battle between the new and old owners of bankrupt agency C.M. Meiers continues...
Freeman of Freeman & Pearce Passes
May 2 2012 // Leonard Freeman, founder of Freeman & Pearce Insurance Agency Inc. in Orange, Calif., died at his Southern California home on Sunday after battling Alzheimer’s disease. Freeman, a resident of Orange, was 73. He...
California Department of Insurance Wants to be ‘Liked’
Apr 26 2012 // Insurance Commissioner Dave Jones and the California Department of Insurance really want you to like them. CDI now has a Facebook page. The page was launched on Thursday, and had about a dozen “Likes” as soon...
Bill To Align California With Dodd-Frank Passes Committee
Apr 26 2012 // The California Senate Insurance Committee passed a law regarding reinsurers that would put the state in alignment with the Dodd–Frank Wall Street Reform and Consumer Protection Act and a model law from the National...
Northern California City Agrees To Pay $150K in Sex Harassment Suit
Apr 26 2012 // Concord, Calif. has agreed to pay $150,000 to settle a lawsuit by an employee who said she was sexually harassed by a female police officer. Wendy Schwartzenberger, a civilian community service officer, accused Lt. Robin...
Court Blocks Injunction On California Green Fuel Standard
Apr 25 2012 // A federal appeals court is allowing California to resume working on new regulations that mandate greener fuels for cars and trucks. The U.S. 9th Circuit Court of Appeals on Monday overturned a federal judge’s...
Metlife, California Reach Settlement Near $500M
Apr 25 2012 // MetLife Inc. will pay nearly $500 million in a settlement involving more than 30 states that claimed it didn’t provide life insurance benefits to some of its policyholders, the company said Monday. The largest life...
California State Fund Cancels Layoffs
Apr 23 2012 // California’s State Compensation Insurance Fund is cancelling plans to lay off hundreds of workers, the Sacramento Bee is reporting. State Fund President and CEO Tom Rowe issued a message to staff that stated 1,300...
Associated General Contractors of California, Zurich Partner on Program
Apr 23 2012 // The Associated General Contractors of California (AGC-CA) and Zurich have collaborated to provide insurance services for its members. Under the agreement, Zurich in North America will provide AGC-CA members with insurance...
Some Acceleration Claims Against Toyota Dismissed
Apr 22 2012 // Toyota Motor Corp. has won the tentative dismissal of some claims in the class-action lawsuit brought by owners of its vehicles over problems with sudden acceleration. In what would be a victory for Toyota if the ruling...
Sunseri Joins Yates in Southern California
Apr 20 2012 // Anthony Sunseri has joined Tustin, Calif.-based managing general agent Yates. Sunseri, who spent last nine years at another California wholesale brokerage, assumes the role of senior underwriter/broker.
Quake Tests Looks For Ways To Shore Up California Hospitals
Apr 18 2012 // What happens when a series of massive earthquakes hits a five-story medical facility with an intensive care unit, operating room and elevator? Structural engineers at the University of California, San Diego, hope to find...
West Insurance Employment: California Job Market to Stay Soft
Apr 17 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Bareno Joins Maverick in Southern California
Apr 16 2012 // Pauline Bareno joined of Calabasas, Calif.-based surplus lines broker Maverick Commercial Insurance Services as senior vice president. Bareno has more than 30 years of property/casualty insurance experience, including an...
Business Moves
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
