Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Surplus Lines Bills Await Schwarzenegger’s Signature
Aug 31 2010 // The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the...
California Bill to Reform Pet Insurance Advances
Aug 26 2010 // Man’s best friends could enjoy greater health care protections under a bill approved by the California Assembly. Companies that insure veterinary care for cats, dogs and other animal companions would have to provide...
Calif. Bill Would Limit Insurance Rate Hikes to Once a Year
Aug 25 2010 // California health insurance providers would be prohibited from raising their rates more than once a year under a bill moving through the state Legislature. The state Senate voted 21-13 in favor of AB2042. The bill now...
Trade Group Sues Over New Calif. Insurance Rules
Aug 23 2010 // A new regulation that makes it harder for health insurance companies to drop individual policyholders in California is being challenged in court by an industry trade group. The California Department of Insurance’s...
California Appeals Court Upholds Guzman Workers’ Comp Decision
Aug 20 2010 // California’s Sixth District Court of Appeal has affirmed the Workers’ Compensation Appeals Board decision in Milpitas Unified School District v. WCAB and Joyce Guzman, allowing physicians to apply any part of...
Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase
Aug 20 2010 // As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending among other things a 29.6 percent increase...
Calif. Employers Face New Workers’ Comp Posting Requirements
Aug 18 2010 // As of Oct. 8, California employers must begin distributing an updated version of the workers’ compensation new hire pamphlet to all employees hire on or after that date; post revised workers’ comp employee...
2010 Education & Training Directory
Aug 16 2010 // Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to...
Pension Fund Sues Hewlett-Packard Directors Over CEO Hurd Exit
Aug 15 2010 // Hewlett-Packard Co.’s directors have been sued by a Massachusetts pension fund that alleges they violated their fiduciary duties in connection with the abrupt departure of Chief Executive Mark Hurd, causing the...
California Commissioner Asked to Raise Workers’ Compensation Rate
Aug 12 2010 // The California Workers’ Compensation Insurance Rating Bureau’s Governing Committee has approved the recommendation to allow the pure premium rate in the state to rise by 29.6 perent, as was expected and widely...
California Supreme Court Prohibits Senior Citizens from Trebling Damages
Aug 10 2010 // The California Supreme Court has ruled that plaintiffs may not seek treble damages under the state’s Unfair Competition Law, and instead can only seek remedies to injunction and restitution. According to court...
Age Bias Lawsuit Against Google Cleared for Trial in California
Aug 6 2010 // Google Inc., which runs the world’s most popular Internet search engine, was ordered to defend itself against a lawsuit by a former manager who said he was fired for being too old, clearing the way for a trial. The...
Calif. Imposes Regulations To Prevent Illegal Insurance Recissions
Aug 6 2010 // California Insurance Commissioner Steve Poizner has imposed regulations designed to combat illegal rescissions. The rules take effect on August 18. Currently, health insurers may only rescind policies under very specific,...
California Bureau May Ask for 30 Percent Workers’ Comp Increase
Aug 6 2010 // California’s Workers’ Compensation Insurance Rating Bureau is considering requesting a 30 percent increase in pure premium rates for 2011 policies. The news that California’s Workers’ Compensation...
Mercury General Reports Q2 Net Premiums Written Down 1 percent
Aug 2 2010 // Mercury General Corp. reported it spent $12.1 million in the second quarter of 2010 supporting Proposition 17, a California ballot initiative that did not pass. Nevertheless, the Los Angeles-based insurer reported net...
Heffernan Insurance Focusing on Latin Markets
Aug 2 2010 // Walnut Creek, Calif.-based Heffernan Insurance Brokers has created a team of brokers focused on the Latin marketplace. Leticia Treviño, a commercial lines manager and vice president in Heffernan’s Walnut Creek...
California GOP Nominates Villines for Insurance Commissioner
Aug 2 2010 // Assemblyman Mike Villines says the California Department of Insurance needs a good manager, not a politician looking at the post as a stepping stone to higher office. Villines will face Democratic Assemblyman Dave Jones in...
People
Aug 2 2010 // AAA has named current company president Paula F. Downey CEO of AAA Northern California, Nevada and Utah and its insurance affiliate, the California State Auto Group. According to the company, Downey is the only female...
It Figures
Aug 2 2010 // $600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million per year for...
Seabright Has Q2 Net Loss of $15.5 Million
Jul 30 2010 // SeaBright Holdings Inc. reported a second quarter net loss of $15.5 million or $0.74 per basic and diluted share, primarily due to the recognition of adverse development of prior years’ loss reserves. This compares...
