Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
IOA Insurance Services Adds 7 Producers in California
Apr 30 2010 // Florida based Insurance Office of America has added seven new producers. Barry Nordstrom and David Mohn join IOA’s San Diego operation. Nordstrom and his team specialize in the insurance and risk management needs of...
Calif. Workers’ Comp Premiums Not Affected By Rating Formula Changes
Apr 29 2010 // A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pur premium generated after application of 2010 workers’ compensation experience modifications has not...
Employers Direct Relaunched as PacificComp to Work With Independent Agents
Apr 28 2010 // Agoura Hills, Calif.-based Pacific Compensation Insurance Co. (PacificComp), formerly Employers Direct Insurance Co., has relaunched its business with a new name and transformation from a direct writer of workers’...
California Wants to Impose Insurance Surcharge to Develop Emergency Fund
Apr 27 2010 // The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to...
Insurance Agents Not Quite Ready for Social Media Revolution
Apr 26 2010 // “The insurance industry is not as quick to adapt to change as other industries,” but independent insurance agents need to acknowledge that having “a Web presence is non-negotiable,” said Michael...
California Estimates Easter Quake Damage at $91 Million
Apr 21 2010 // Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary...
Calif. Proposes Agent/Broker Regs to Alleviate Under-Insurance
Apr 19 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for...
Father Loses California Malpractice Suit Over Son’s Brain Damage
Apr 19 2010 // A man who claimed his infant son was left brain-damaged after surgery at Childrens Hospital of Los Angeles has lost a $19-million lawsuit. A Los Angeles jury ruled in favor of the hospital and two doctors. Eduardo Rivas of...
Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded
Apr 19 2010 // An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a...
Calif. Workers’ Comp Rates Inadequate, Report Suggests
Apr 16 2010 // The Workers’ Compensation Insurance Rating Bureau of California is reporting that gross written premium for calendar year 2009 is approximatley $8.9 billion, about 17 percent below the written premium reported for...
Pacific Gateway Acquires Homestate’s California P/C Division
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
Johnston Re-Elected by California Workers’ Compensation Institute
Apr 13 2010 // T. Hale Johnston, senior vice president and regional manager, Pacific Region, for Reno, Nev.-based Employers, has been re-elected as chairman of the board of directors of the California Workers’ Compensation...
Starr Aviation Acquires International Aerospace Insurance of California
Apr 12 2010 // Starr Aviation Agency, Inc. a subsidiary of C.V. Starr & Co. Inc., has acquired International Aerospace Insurance Services Inc. of Santa Barbara, Calif. The acquisition of Inter-Aero expands Starr Aviation’s...
Mercury Insurance May Have Illegally Overcharged Consumers, Regulator Says
Apr 12 2010 // A California Department of Insurance examination has found that Mercury Insurance violated the state insurance statutes and as a result, Mercury Insurance may have illegally overcharged thousands of Californians for auto...
Calif. Proposes Agent/Broker Regs To Alleviate Under-Insurance
Apr 9 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has informed Insurance Journal that it has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations...
Heffernan Insurance Hires Newell for Southern Calif. Construction Practice
Apr 7 2010 // Heffernan Insurance Brokers headquartered in Walnut Creek, Calif., has hired Keith W. Newell as senior vice president, Southern California Construction Practice Leader in its Los Angeles office. Newell will expand...
Calif. Governor’s Race To Set Spending Records
Apr 7 2010 // California’s gubernatorial governor’s race between Insurance Commissioner Steve Poizer and former eBay chief executive Meg Whitman is expected to be the most expensive governor’s race in the state’s...
Experts Estimate $300 Million in Losses from Mexico Earthquake
Apr 6 2010 // Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm...
New Insurance Association Forms in California
Apr 5 2010 // A new Broker Insurance Group (BIG) has formed in California, starting with a flagship chapter to serve insurance professionals of the Inland Empire area. Under the leadership of President Sharron Varga, a broker and...
Making Continuous Coverage Auto Insurance Discount Portable Is Good for Consumers
Apr 5 2010 // The Alliance of Insurance Agents & Brokers supports Proposition 17 on the June 2010 statewide ballot because it will make the auto insurance market more competitive, offer drivers more choices and lead to lower rates...
