Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Southern California Battles Devastating Wildfires
Nov 17 2008 // Southern Californians weathered a fourth day of devastation on Sunday, as wind-blasted wildfires destroyed hundreds of residences, shut down major freeways and forced thousands of residents in the path of flames to flee to...
Explorer Insurance Cuts California Auto Rates 15 Percent
Nov 17 2008 // California Insurance Commissioner Steve Poizner announced a 15 percent rate cut for Explorer Insurance Co.’s auto insurance policyholders, saving them approximately $3.4 million. Explorer Insurance initially filed...
California Sends Assistance to Fire Victims
Nov 17 2008 // California Commissioner Steve Poizner has deployed more than two dozen California Department of Insurance (CDI) fraud division investigators to assist local law enforcement at the Sayre Fire in Southern California. CDI...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
Nov 17 2008 // The skies are filled with smoke, and thousands of homeowners being evacuated from their homes in Southern California. It has been a weekend of devastation with the fires still ablaze. Our Saturday night’s plans...
California Commissioner Declares Insurance Emergency to Expedite Fire Claims Processing
Nov 17 2008 // California Insurance Commissioner Steve Poizner declared an insurance emergency to cut red tape and allow insurance companies to use out of state adjusters to more quickly work through the spate of fire...
Business Moves
Nov 16 2008 // Medicus Insurance Company Medicus Insurance Company has been approved to write medical professional liability insurance in Arkansas. Medicus is a Texas-based insurance company specializing in providing medical professional...
Tough Economic Times Could Force Salary Freezes in Southern California
Nov 16 2008 // Given today’s tough economic times, most insurance agencies and carriers in the Southern California region are not planning to give their employees cost of living increases in 2009, although many companies have not...
Declarations
Nov 16 2008 // Financial Myth “This is a financially dangerous myth. … Just because the resale value of your home may have declined does not mean that the cost to rebuild it has also dropped—and that should be your target....
Business Moves
Nov 16 2008 // Employers Holdings, AmCOMP Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance specializing in small businesses, acquired AmCOMP Inc. in a...
How to Control Construction Claims in a Collapsing Homebuilders’ Market
Nov 16 2008 // Working with Experienced Homebuilders, Rigorous Inspections and Defect Remedies Reduces the Risk from Possible Shortcuts A significant increase in unsold assets represents a substantial hole in the balance sheet for...
Wanted: Agencies Focusing on Hispanic Market
Nov 16 2008 // Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products,...
Study: California Earthquake Could Cause $200 Billion in Losses
Nov 16 2008 // If a magnitude 7.0 earthquake occurred on California’s Hayward Fault, it would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured, according to a study...
Brooke Corp. Troubles Continue as Stock is Sold
Nov 16 2008 // Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has...
What the 2008 Election Means for California’s Insurance Agents
Nov 16 2008 // For those of you who weren’t aware, the November 4th election brought some good news for insurance agents in California: another one of us was elected to the State Assembly. Jeff Miller, currently Mayor of the City...
California Arrests Husband and Wife in $10,000 Insurance Fraud Scheme
Nov 14 2008 // California Insurance Commissioner Steve Poizner announced the arrests of Robert and Lisa Franklin of Artesia, on five counts of felony grand theft, five counts of diversion of premiums. In addition, Mrs. Franklin was...
California Insurance Department Web Site Rated “Excellent”
Nov 13 2008 // The Consumer Federation of America has rated the California Department of Insurance Web site as “excellent” for providing consumers information about auto and homeowners insurance, according to a survey...
Millions in Southern California Take Part in Earthquake Drill
Nov 13 2008 // At 10 a.m. this morning, millions of Southern Californians are expected to millions of people in homes, schools, businesses, government offices, and public places are expected to drop, cover, and hold on, in what is...
California State Fund Files an 8.9 Percent Premium Increase for 2009
Nov 13 2008 // California’s State Compensation Insurance Fund announced it filed a Jan. 1, 2009 revision to its rating plan, which it anticipates will result in an average 8.9 percent increase in collectible premium. Premiums for...
California Doctor Accused of Negligence, Incompetence
Nov 10 2008 // California regulators have accused the former head of UC Irvine Medical Center’s anesthesiology department of gross negligence and incompetence for allegedly falsifying anesthesiology records and assigning a resident...
Agencies Announce Leavitt Benefits Insurance Services of Southern California
Nov 10 2008 // Barlocker Insurance Services-Laguna Hills, PrideMark-Everest and Valley Insurance Service are merging their benefits operations to create a new entity, Leavitt Benefits Services of Southern California. The property and...
