Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Workers’ Comp Rating Bureau To Skip Mid-Year Rate Filing
Apr 7 2011 // California’s Workers’ Compensation Insurance Rating Bureau governing board has decided not to make a mid-year pure premium rate filing suggesting a 40 percent increase. Instead, the WCIRB will make an...
Calif. Workers’ Comp Rating Bureau Could Recommend 40% Rate Increase
Apr 6 2011 // The Workers’ Compensation Insurance Rating Bureau of California is discussing a pure premium rate increase of up to 40 percent at today’s Governing Committee meeting, according to industry reports. The WCIRB...
Japan Quake Reveals Cracks in Insurance System – Part I
Apr 5 2011 // Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re...
Westside Rapist, Former California Claims Adjuster, Gets Life Sentences
Apr 5 2011 // A former state insurance adjuster dubbed the “Westside Rapist” by police has been sentenced to life in prison for murdering seven women in sexual attacks that terrified Los Angeles in the 1970s and 1980s. John...
How to Find Cyber Insurance for the Uninsurable
Apr 4 2011 // The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.”...
Calif. Senators Introduce National Earthquake Legislation
Apr 4 2011 // U.S. Sens. Dianne Feinstein and Barbara Boxer, both D-Calif., introduced legislation to lower the cost of earthquake insurance for Californians and individuals who purchase coverage from a nonprofit, state-run...
Calif. State Fund Reports Net Income of $171 Million
Apr 1 2011 // California State Compensation Insurance Fund has announced that it ended 2010 with $1.1 billion in new premium earned, and $171 million in net income. The company’s online annual report shows that State Fund’s...
Calif. Bill Would Give Insurance Commissioner Stronger Penalty Powers
Apr 1 2011 // California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an...
Calif. Homeowners Insurance Valuation Training Courses Available Online
Mar 31 2011 // Education to meet the California’s Department of Insurance Homeowners’ Valuation Training requirement can be obtained online. Through the Insurance Community University Web site,...
Whistleblower Sues California Nuclear Plant, Claims Firing Retaliatory
Mar 31 2011 // A former manager at one of California’s two nuclear power stations sued the facility’s operators Wednesday, claiming he was fired in retaliation for reporting safety concerns at the plant. The suit against...
Calif. Workers’ Comp Institute Elects Directors
Mar 30 2011 // William Mudge, president and CEO of CompWest Insurance Co., has been elected chairman of the board of directors of the California Workers’ Compensation Institute for 2011 at the Institute’s annual meeting in...
Zenith Offers Agribusiness Insurance
Mar 30 2011 // In what appears to be its first foray into offering liability coverages, Zenith Insurance Co., a workers’ compensation insurance specialist, will be offering agribusiness insurance in California. Through its...
American Claims Management Appointed TPA for Large Self-Insured Group
Mar 30 2011 // San Diego, CA, 3/30/11 – American Claims Management, Inc. (ACM) has been appointed as the third party claims administrator for the California Restaurant Mutual Benefit Corporation (CRMBC), the largest self-insured...
Study: Calif. Workers’ Comp Reforms Eroded
Mar 29 2011 // California’s workers’ compensation reforms in 2002-2004 have been eroded, a new study has confirmed. According to a report by the California Workers’ Compensation Institute, state workers’...
Baker Appointed to Lead California Department of Industrial Relations
Mar 29 2011 // California Gov. Jerry Brown has appointed Christine Baker as chief deputy director of the Department of Industrial Relations (DIR). Baker has served as the executive officer of the Commission on Health Safety and...
California Insurer Association Names New Board Leadership
Mar 25 2011 // Members of the Association of California Insurance Companies (ACIC) nominated and appointed a new chair, vice chair, and board of directors to serve for a two-year term. Kathleen Bissell, assistant vice president of...
Commentary: Pending State Legislation to Implement NRRA is Fly in the Ointment
Mar 23 2011 // Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment. The NRRA becomes effective on July...
Majestic Capital Terminates Merger Agreement with Bayside Capital
Mar 21 2011 // Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material...
People
Mar 21 2011 // Jennifer McPhillips was promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the association’s...
Be Prepared
Mar 21 2011 // Insurers and reinsurers may have sufficient funds to absorb losses from Japan’s 9.1 magnitude earthquake, yet the impact of the quake and resulting tsunami and fires are a stark reminder that it’s important to...
