Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Brown & Brown of Northern California Acquires Sitzmann Assets
Nov 8 2011 // Brown & Brown of Northern California Inc., a subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of Sitzmann, Morris & Lavis Insurance Agency Inc. SML is in the employee benefits,...
California MGA Yates Opens Northern California Office
Nov 8 2011 // Tustin, Calif.-based managing general agent Yates has opened a northern California office in Walnut Creek . Jon Uyeyama has joined the office, bringing with him 10 years of underwriting experience. Uyeyama will oversee the...
Health Costs of U.S. Climate Disasters of Last Decade: $14 Billion
Nov 8 2011 // Deaths and health problems from floods, drought and other U.S. disasters related to climate change cost an estimated $14 billion over the last decade, researchers said Monday. “When extreme weather hits, we hear...
State Fund Announces Rate Filings, Incentives for California Farm Bureau
Nov 7 2011 // The government-controlled State Compensation Insurance Fund announced it has filed a new rating plan with the California Department of Insurance. The plan adopts the Workers’ Compensation Insurance Rating...
Private Equity Firm Acquires DAVID Corp. of California
Nov 7 2011 // Private equity firm Phoenix Asset Management has acquired DAVID Corp., a provider of risk management and insurance software and services. DAVID Corp. has been providing software and services to commercial and alternative...
Ratings Roundup: Nonprofits Alliance, Infinity, Partners Mutual
Nov 7 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the Nonprofits Insurance Alliance Group members, Alliance of Nonprofits for Insurance,...
California Earthquake Authority Keeps “A” Ratings
Nov 7 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...
Southern California Couple and Mother Arrested in Alleged Ponzi Scheme
Nov 7 2011 // A Southern California couple and their mother were arrested and have been charged with violating multiple sections of the state’s penal code and corporations code. Arrested were Anthony Trae Carlson, 42, Mariah...
California AG Sues Water Bottle Companies over Biodegradability
Nov 7 2011 // Attorney General Kamala D. Harris filed a “greenwashing” lawsuit recently against three companies alleged to have made false and misleading claims by marketing plastic water bottles as “100 percent...
Damages Expert: California Trust Company Owed $81M for Trade Secrets
Nov 7 2011 // A damages expert asserted Trust Company of the West (TCW) is owed $81.7 million in royalties due to trade secret theft as the high-profile civil case pitting the asset management firm against its former chief investment...
California Supreme Court Denies Ogilvie Petition
Nov 7 2011 // The California Supreme Court in late October rejected San Francisco’s petition for review of the First District Court of Appeal’s decision in the Ogilvie case. The First District’s decision supports a...
Total Disability to Rise in California in 2012
Nov 7 2011 // The California Division of Workers’ Compensation announced recently 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...
Women Launch New Legal Salvo Against Wal-Mart
Nov 7 2011 // Women pursuing discrimination claims against Arkansas-based Wal-Mart Stores Inc. filed a reformulated lawsuit against the retailer, their first since a massive nationwide class action collapsed earlier this year. The...
California Workers’ Compensation Cost Benchmark Approved
Nov 4 2011 // The Workers’ Compensation Insurance Rating Bureau’s filing to change the way the state’s workers’ compensation pure premium rate is calculated drew praise on Friday from Insurance Commissioner Dave...
BB&T Continues California Expansion with Precept Acquisition
Nov 3 2011 // BB&T Insurance Services has acquired Precept Group, an employee benefits consulting and administrative solutions firm, as part of BB&T’s continued expansion in California. Precept has offices in Irvine and...
Petersen in California Names Russo Legal Director
Nov 1 2011 // Valencia, Calif.-based Petersen International Underwriters has named John J. Russo as legal director. In his new role Russo will assist in monitoring compliance and current legislation in various states, maintaining...
Networked Adds California Positions
Nov 1 2011 // Tammy Magliola and Ferris M. Boulos have joined Networked Insurance Agents as territory sales vice presidents in northern and central California. Their responsibilities include business growth and development. John...
Pugh to be New Phoenix Branch Manager
Nov 1 2011 // Irvine, CA, 11/01/1 – Brian T. Pugh will join The Insco Dico Group as Branch Manager of their Phoenix, Arizona office. Brian has over 25 years of surety experience, holding numerous Management positions as well as...
Bogardus Named President of CompWest in California
Oct 31 2011 // Accident Fund Holdings Inc. has made Bryan Bogardus president of San Francisco, Calif.-based CompWest Insurance Co., a division of Accident Fund. Bogardus is responsible for establishing the strategies in the western...
Southern California Couple and Mother Arrested in Alleged Ponzi Scheme
Oct 28 2011 // A Southern California couple and their mother were arrested and have been charged with violating multiple sections of the state’s penal code and corporations code, it was announced Thursday. Arrested were Anthony...
