Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Leavitt Group Adds Borisoff in Southern California to Executive Team
Oct 24 2011 // Privately-heald insurance broker The Leavitt Group has named Brett Borisoff as executive vice president. In Borisoff’s new role with Cedar City, Utah-based Leavitt Group he will help guide the sales management of the...
California MGA Yates Adds Broker
Oct 24 2011 // Barbara Carey has joined Tustin, Calif.-based managing general agent Yates as an underwriter and broker. Carey spent the last eight years as senior broker and vice president of another California wholesale brokerage. Carey...
Perr&Knight Relocates California Headquarters to Santa Monica
Oct 24 2011 // Insurance industry consultant Perr&Knight has relocated its headquarters from Pacific Palisades, Calif. to Santa Monica, in the heart of the city’s downtown district. Perr&Knight was founded in the Pacific...
California’s Temporary Total Disability Rate for 2012 To Increase
Oct 21 2011 // The California Division of Workers’ Compensation announced on Friday that the minimum and maximum temporary total disability rates for 2012 will increase on Jan. 1. The minimum TTD rate will increase to $151.57 and...
Fitch Affirms California Earthquake Authority’s ‘A’ Ratings
Oct 21 2011 // Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses...
ShakeOut in West May Raise Disaster Awareness
Oct 20 2011 // Today may be a good day to sell disaster insurance in the Western United States. A massive earthquake drill set for 10:20 a.m. PDT today is designed to raise awareness of the disasters that can be posed by a massive...
Two Railroads Face Pollution Lawsuit in California
Oct 19 2011 // When the lump on her toddler’s tummy turned out to be a rare cancer, Carla Hernandez wondered if living just a half-mile from two rail yards emitting a constant veil of near-invisible pollution was somehow...
California Workers’ Comp Institute Compiles List of Bills Signed by Brown
Oct 19 2011 // The California Workers’ Compensation Institute on Wednesday released a review and compilation of 20 bills signed by Gov. Jerry Brown in 2001. The bills include: • AB 55, Gatto: Extension of the right of...
Pro-business Groups Praise Brown’s Workers’ Comp Record; Warn about 2012
Oct 18 2011 // A pair of California pro-business groups focused on workers’ compensation on Tuesday hailed Gov. Jerry Brown’s record on handling legislation sent to him this year in a combined report that offers their take on...
California Rep. Bill Would Lower Earthquake Insurance Costs
Oct 17 2011 // California’s U.S. Rep. John Campbell (R) recently introduced legislation similar to a bill introduced by U.S. Sen. Dianne Feinstein (D) earlier this year that would strengthen the nation’s natural disaster...
New MGA Targeting U.S. Homebuilders Formed in California
Oct 17 2011 // Two veterans in the London insurance marketplace have come together again to launch an underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs Insurance...
Quake Project Aimed to ID Future Hotspots
Oct 17 2011 // Scientists have embarked on an ambitious experiment to better anticipate earthquakes by identifying the likeliest places where magnitude-4.9 quakes or stronger will occur in seismically active California over a five-year...
California’s State Fund to Lay Off Up to 1,800 Workers
Oct 17 2011 // A restructuring at California’s government-controlled State Compensation Insurance Fund to be implemented in 2012 will result in a reduction in force that will eliminate between 1,500 and 1,800 positions, according...
People
Oct 17 2011 // Wells Publishing Inc. has named Don Jergler as its new West editor for its flagship Insurance Journal online and print property/casualty insurance publications. Jergler, based in California, will cover the western states...
USG Opens California Satellite Office
Oct 12 2011 // National wholesaler and managing general agent USG Insurance Services Inc. has opened a satellite office in San Francisco, Calif. The launch of the San Francisco office is one of several in USG’s plan to expand...
Huxley and Chang Join Lockton Reinsurance Operations in California
Oct 12 2011 // Lockton has added two reinsurance brokers to its Lockton Re team in downtown Los Angeles, Calif. Allan Huxley has been named managing director of Lockton Re and Olive Chang has been named senior vice pesident of Lockton...
Jones Goes Nine for Nine with Brown on California Insurance Bills
Oct 12 2011 // California Gov. Jerry Brown signed nine bills sponsored by Insurance Commissioner Dave Jones this legislative year, giving Jones a perfect record on bills that reached Brown’s desk. “We are very pleased that...
California Fund Proposes Insurance to Stimulate Clean Energy Investments
Oct 11 2011 // Finding the capital to get a new power plant in the ground is no small task for any company, but for developers aiming to use emerging clean energy technologies, the challenges are even greater. A California clean energy...
California Gov. Brown Vetoes, Signs Workers’ Comp Bills
Oct 11 2011 // California Gov. Brown on Friday vetoed three bills insurers said would have raised workers’ compensation costs. According to the American Insurance Association (AIA), the vetoed bills “would have unwound a key...
California ShakeOut Registers 8 Million-plus
Oct 7 2011 // The Great California ShakeOut earthquake drill has amassed over over 8 million participants, according to its organizers. The event, set for Oct. 20 at 10:20 a.m., has surpassed the 2010 record of 7.9 million registrants,...
