Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Insurers Oppose ‘Crash Tax’
Jan 25 2011 // An ordinance up for consideration at tonight’s Sacramento City Council meeting is bad news for local businesses and is unfair to consumers that shop, work or visit the City of Sacramento, according to the Association...
California To Enforce Health Insurer Spending Limits
Jan 25 2011 // California’s Office of Administrative Law (OAL) has approved state Insurance Commissioner Dave Jones’ request for an emergency regulation to give him the authority to enforce the 80 percent Medical Loss Ratio...
Association of California Insurance Companies Names Sektnan President
Jan 25 2011 // The Association of California Insurance Companies (ACIC) and Property Casualty Insurers Association of America (PCIAA) announced that Mark Sektnan has been promoted to ACIC president. Following a distinguished career in...
Calif. State Fund Appoints Chief Risk Officer, Chief Financial Officer
Jan 24 2011 // California’s State Compensation Insurance Fund as announced that Ken Van Laar was selected as the new chief risk officer, and Daniel J. Sevilla Jr., who has served in an interim role since October 2010, has been...
Allstate Phases Out Your Choice Auto Program in California
Jan 24 2011 // Allstate Insurance has agreed to stop selling its “Your Choice Auto” (YCA) insurance program in California, in response to a challenge brought by the nonprofit Consumer Watchdog. The insurer has stopped issuing...
Business Moves
Jan 24 2011 // Hub International Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance...
Calif. Workers’ Comp System Inadequate in Replacing Lost Earnings
Jan 24 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...
Calif. Commissioner Jones to Enforce Medical Loss Ratio Rule
Jan 24 2011 // California Insurance Commissioner Dave Jones has signed an emergency order to enforce the medical loss ratio. The MLR rules require insurers to annually disclose the percentage of premium revenue spent on reimbursement for...
Declarations
Jan 24 2011 // 2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which...
Medicare Set Asides in Workers’ Compensation
Jan 24 2011 // What Agents & Brokers Need to Know One of the most important services a broker provides its customers is workers’ compensation claims review. Successful resolution and prompt closure of workers’...
Florida Competitive in Workers’ Compensation Market Arena
Jan 24 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...
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...
