Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Agents to Calif. State Fund: Please Pay Commissions
Oct 4 2010 // Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters...
Declarations
Oct 4 2010 // A Continuing Objective “Our objective remains the same at AIG, which is to repay taxpayers and position AIG over time as a strong, independent company worthy of investor confidence.” —An anonymous source from...
CEA Aims to Improve Value, Affordability of Calif. Earthquake Insurance
Oct 4 2010 // Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the...
Safeco Names Alexander Regional General Manager in California
Oct 1 2010 // Safeco Insurance has appointed Chris Alexander to regional general manager for its California region personal lines operation. Alexander will be based in Aliso Viejo, Calif., and comes to this position from New York, where...
Schwarzenegger Signs Homeowners Insurance Disclosure Law
Oct 1 2010 // California Gov. Arnold Schwarzenegger has signed into law new rules designed to make it easier for understand their choices when purchasing homeowners insurance. AB2022 will, on July 1, 2011, revise the mandatory language...
Calif. May Stop Paying Some Workers’ Comp Benefits
Oct 1 2010 // About 2,700 injured workers in California may not receive the workers’ compensation benefits they are entitled to because the state has not yet passed its budget. According to Susan Gard, chief of legislation and...
Calif. Governor Vetoes Workers’ Comp Measure
Sep 30 2010 // California Gov. Arnold Schwarzenegger has vetoed a workers’ compensation measure that would have required a physician who conducts a utilization review of workers’ comp medical treatment to be licensed in...
Schwarzenegger Signs Surplus Line Bill Into Law
Sep 29 2010 // California Gov. Arnold Schwarzenegger has signed AB 1708 (Villines) into law, requiring the total capital and surplus requirements for nonadmitted insurers in California to be at least $45 million, up from $15 million. The...
Medical Benefits Biggest Cost in Calif. Workers’ Comp System
Sep 28 2010 // The sagging economy took a toll on California’s covered work force and payroll in 2008, but the California workers’ compensation system remains the largest in the United States, accounting for more than 1 out...
Garcia Joins California’s CompPartners
Sep 28 2010 // Gina M. Garcia has joined Irvine, Calif.-based CompPartners, a workers’ compensation, disability, and group health managed care organization, as manager of PPO networks. Garcia develops boutique networks customized...
Schwarzenegger Extends Calif. Low Cost Auto Insurance Program
Sep 28 2010 // Calif. Gov. Arnold Schwarzenegger has signed legislation – AB 1597 authored by Assemblyman Dave Jones to maintain California’s innovative auto insurance program for low-income Californians with good driving...
California Modifies Privacy Regulations, Makes Insurance Shopping Easier
Sep 27 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal...
CEA Aims to Improve Value, Affordability of Calif. Earthquake Insurance
Sep 27 2010 // Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the...
Toyota Settles Suit Over High-Profile California Crash
Sep 21 2010 // Toyota Motor Corp. has settled what is widely regarded as the most serious lawsuit of the hundreds of claims the automaker faces. The company has agreed to settle the suit brought by relatives of four family members killed...
Agents to Calif. State Fund: Please Pay Commissions
Sep 17 2010 // Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters...
Calif. Rating Bureau Wants to Lower Recommended Workers’ Comp Rate 2%
Sep 16 2010 // The Workers’ Compensation Insurance Rating Bureau of California announced it will be amending its recommended rate filing to the state insurance commissioner, recommending a 27.7 percent increase in the claim cost...
Aging Gas Pipe at Risk of Explosion Nationwide
Sep 16 2010 // The tragic gas pipeline explosion in a San Francisco suburb has shed light on a problem usually kept underground: Communities have expanded over pipes built decades earlier when no one lived there. Utilities have been...
California State Fund Records $143M in 2009 Net Income
Sep 14 2010 // State Compensation Insurance Fund today announced it earned $143 million in net income in 2009, up from $75 million for the prior year. In its 2009 Annual Report, the company noted it has an increase of $161 million in...
Redwoods Leavitt Insurance Agency Formed in California
Sep 14 2010 // The Crescent City, Calif., and Grants Pass, Ore., locations of NorthWest Insurance Agency have joined the Leavitt Group to form Redwoods Leavitt Insurance Agency based in Crescent City, Calif. Bill Cochran is the managing...
California Workers’ Compensation Institute Assists With Posting Requirements
Sep 13 2010 // The California Workers’ Compensation Institute (CWCI) announced it has newly revised DWC-1 claim form/Notice of Potential Eligibility (NOPE), as well as English and Spanish versions of its new hire pamphlet (Facts...
