Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Year-End Storms Cloud P/C Insurers’ Results
Jan 24 2011 // U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away...
Medical Costs Drive Up Calif. Municipalities’ Workers’ Comp
Jan 20 2011 // Despite a decline in the number of job injury claims reported by California public self-insured employers last year, rising claim severity drove up total workers’ compensation costs for cities, counties and other...
The Insurance Community University Announces Webinar Classes Approved for CE in California
Jan 20 2011 // January 20 2011 – The Insurance Community University announces the unveiling of its ‘Lecture Series’ of Webinar Classes approved for CE in the state of California. The Insurance Community University is...
Insurance Association Names Mahrt Public Affairs Director in West
Jan 19 2011 // The Property Casualty Insurers Association of America (PCI) has named Nicole Mahrt director, public affairs, west region, and she will work in the Sacramento office of the Association of California Insurance Companies...
Report: California’s ‘Other Big One’ Could Cause $300B in Damages
Jan 14 2011 // California could be subject to a powerful series of storms, capable of costing $300 billion in damages — three times as much as a severe earthquake in the southern part of the state, according to a new report by the...
Festa Appointed to Calif. Insurance Guarantee Association Board
Jan 12 2011 // Reno, Nev.-based Employers announced that Stephen V. Festa, senior vice president and chief claims officer, has been named secretary and treasurer on the board of governors of the California Insurance Guarantee Association...
Calif. Insurance Associations Establish Ken Anderson Memorial Endowment
Jan 12 2011 // The Insurance Brokers and Agents of Burbank, Glendale and Pasadena, Calif., announced they have establishedthe Ken Anderson Memorial Endowment at Glendale Community College to benefit the insurance certificate program and...
Allstate Phases Out Your Choice Auto Program in California
Jan 11 2011 // Allstate Insurance has agreed to stop selling “Your Choice Auto” (YCA) insurance program in California, in response to a challenge brought by the nonprofit Consumer Watchdog. The company has stopped issuing new...
Calif. Workers’ Comp System Inadequate in Replacing Lost Earnings
Jan 11 2011 // Permanently disabled workers in California’s workers’ compensation system have historically faced poor return-to-work rates and high levels of lost earnings after a disabling injury, a new study has found. In...
2011 Insurance Industry Meetings and Conventions Directory
Jan 10 2011 // Welcome to Insurance Journal’s 2011 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Business Moves
Jan 10 2011 // Brown & Brown, Ruland & Mattingley Insurance C. Roy Bridges, regional president of Daytona Beach, Fla.-based Brown & Brown Inc. and Lloyd S. Ruland III and Philip M. Ruland, shareholders of Ruland &...
Calif. Homeowners Underinsurance Regulations May Require Agent Training
Jan 10 2011 // California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take...
Insurance Industry Outlook Improving Slightly
Jan 10 2011 // The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry...
Multi-State Surplus Lines Tax State Inaction Risks Loss of Premium Tax Revenue
Jan 10 2011 // State Inaction Risks Loss of Premium Tax Revenue The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and...
Recent Calif. Regulator Actions Create Insurance Agent/Broker Concerns
Jan 7 2011 // Reflecting on Calif. Insurance Commissioner Dave Jones’ recent emergency order to enforce medical loss ratio rules requiring insurers to limit the percentage of premium revenue spent on reimbursement for...
Calif. Commissioner Asks Blue Shield to Delay Rate Increases
Jan 7 2011 // California Insurance Commissioner Dave Jones has called on Blue Shield of California to delay its implementation of a new round of substantial individual health insurance premium increases that would impact tens of...
Berte To Run AIA Western Region
Jan 6 2011 // The American Insurance Association (AIA) has announced that Marjorie Berte has joined the association as its new vice president for the Western Region. Berte’s career includes experience in both the public and...
California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA’s to Write E&O Insurance
Jan 5 2011 // Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to...
Calif. Commissioner Jones to Enforce Medical Loss Ratio Rule
Jan 5 2011 // Almost immediately after being sworn into office on Tuesday, California Insurance Commissioner Dave Jones signed an emergency order to enforce the medical loss ratio. the MLR rules require insurers to annually disclose the...
Florida Workers’ Compensation Market Remains Competitive: Report
Jan 5 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
