Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
U.S. Risk Acquires American Special Risk of California
Sep 21 2011 // Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. American Special Risk is a managing general...
California’s Devonshire Taps Fitzgerald as VP of Business Development
Sep 20 2011 // Mike Fitzgerald has joined insurance run-off consulting firm Devonshire as vice president of business development. His responsibilities include developing business initiatives and opportunities to help support and expand...
Southern California City Taking Steps to Keep Its Insurance
Sep 19 2011 // La Puente, Calif. may be on the road to keeping its insurance, according to a statewide insurance authority. The Southern California city was recently told that it could lose its insurance if city officials and staff...
California City May Lose Its Insurance Coverage
Sep 19 2011 // A Southern California city has been told that it could lose its insurance if city officials and staff don’t start getting their act together soon. That was the warning from the California Joint Powers Insurance...
California Passes Bill on Employer Rights in Workers’ Comp Arbitration
Sep 19 2011 // The California State Legislature passed legislation in early September that California Insurance Commissioner Dave Jones said will make workers’ compensation policies more transparent and fair. The measure, Senate...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
California Bail Bond Agents Arrested For Kidnapping, Extortion and Insurance Fraud
Sep 15 2011 // Three Northern California bail bondsmen have been arrested for allegedly kidnapping clients for the purpose of extortion and insurance fraud. Insurance Commissioner Dave Jones made the announcement on Thursday that bail...
CompWest Founder Steps Down
Sep 15 2011 // Compwest Insurance Co. founder Bill Mudge is no longer president and chief executive of the firm he started in 2004. Mudge’s name has been removed from the company’s phone system, and it disappeared off its...
Economists: Sea Level Rise Could Cost California
Sep 15 2011 // Economists say erosion from rising sea levels and storm damage could cost California hundreds of millions of dollars in lost tourism and tax revenues. A Los Angeles Times story cites the San Francisco State study released...
Hinckfuss Named Young Professional of the Year in California
Sep 15 2011 // Ruth Hinckfuss was presented the Young Professional of the Year award at the National Association of Insurance Women/International Association of Insurance Professionals California Council meeting held Sept. 9 and 10 in...
Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan
Sep 14 2011 // Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as...
Southwest Power Outage Economic Cost Put At $100M
Sep 13 2011 // The Sept. 8 power outage that left southern California and parts of Arizona and Northern Baja Mexico without power could mean as much as $100 million in economic losses. The National University System Institute for Policy...
Bill To Clarify Insurance Code Sections Passes California Legislature
Sep 12 2011 // The California State Legislature has passed a bill that makes several technical changes to various California insurance code sections pertaining to agent licensing, training and previously enacted legislation. Assembly...
Lockton Adds Entertainment Division, Opens Office in Southern California
Sep 12 2011 // Kansas City, Mo.-based Lockton expanded its Southern California operations by adding an entertainment division and a new San Fernando Valley office. The new entertainment division is divided in two groups: premier private...
Southern California Blackout Being Investigated
Sep 12 2011 // The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp. (NERC) have launched a joint inquiry into the Sept. 8 power outage that left more than 1 million customers in Southern...
Southern California Wildfires Prompt Evacuations
Sep 12 2011 // Several structures are being threatened by one of more than 50 wildfires in the Southern California area of Kern County. The fires, which were sparked by lightning strikes, are segretated in three main areas of Kern,...
Power Restored to Most After Big California, Arizona Blackout
Sep 9 2011 // Power companies in Southern California restored electricity to most customers by early Friday after a massive blackout on Thursday left nearly 5 million people in parts of California, Arizona and Mexico in the...
California Gov. Brown Signs Bill Consolidating Insurance Notices
Sep 8 2011 // California Governor Jerry Brown has signed into law a bill allowing California homeowners insurance companies to consolidate the required biannual notice offering earthquake insurance coverage with a notice explaining...
California Self-Insured Restaurant Group Wins Fraud Conviction
Sep 8 2011 // The California Restaurant Mutual Benefit Corp. (CRMBC) is holding up a new conviction as success story in its ‘intensified campaign’ against workers’ compensation fraud. Jeanette Gallo pleaded no contest...
National Financial Partners Acquires California’s DA Financial
Sep 7 2011 // New York-based insurance broker National Financial Partners Corp. has acquired DA Financial Group of San Francisco, Calif., for an undisclosed amount. With annualized revenue of $5 million, DA Financial has provided...
