Latest California Headlines

Nov 2 2008 // Pete Garvey, current president of Integro Ltd., assumed the additional responsibility of CEO for the insurance broker, succeeding Roger Egan, who has left the company. Garvey has served as president of Integro since 2005....

Willis Report: California May See Less Shaking in Earthquake

Nov 2 2008 // Ground view of collapsed building and burned area as a result of an earthquake at Beach and Divisadero, Marina District. Photo courtesy of C.E. Meyer, U.S. Geological Survey. California buildings are less likely to shake,...

Court: Pharmacy Can Be Liable for Dispensing Withdrawn Drugs

Nov 2 2008 // While nearly 100 pharmacists and the hospitals they work for face fines for failing to remove a blood thinner from their shelves after a federal recall last winter according to the California state Board of Pharmacy. The...

It Figures

Nov 2 2008 // 8.5% Decrease in the average property premium for the third quarter, according to a RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by North American corporate risk managers. The survey...

California Recovers Nearly $13 Million Following 2007 Wildfires

Nov 2 2008 // Nearly one year after the October 2007 wildfires, the California Department of Insurance has recovered more than $12.7 million from insurance companies by standing up for consumers who had been shortchanged. The $12.7...

Study: California Earthquake Could Cause $200 Billion in Losses

Oct 31 2008 // If a magnitude 7.0 earthquake occured on California’s Hayward Fault today, 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...

Burke Joins Colemont’s California Operations as Senior VP

Oct 30 2008 // Colemont Insurance Brokers named Sean Burke a senior vice president and financial services broker. He will work out of the company’s San Francisco office to enhance and further develop the financial services practice...

California Change to Construction Contracts Could Increase Litigation

Oct 29 2008 // California Gov. Arnold Schwarzenegger has approved legislation affecting indemnity for construction defect claims in contracts in residential construction — a decision that could increase litigation when resolving...

Abram Interstate Offers Nonstandard Auto Program in California

Oct 29 2008 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., has a new nonstandard auto program in California, called Abram Auto Advantage. Coverage is provided by an A.M. Best rated “A-” carrier. The program...

California State Compensation Insurance Fund Opens Green Campus

Oct 29 2008 // California’s State Compensation Insurance Fund has opened a new green campus in Vacaville, Calif. The group said in a demonstration of its ongoing commitment to ensuring the health of California’s communities...

California Names Deputy Insurance Commissioner for Community Relations

Oct 24 2008 // California Insurance Commissioner Steve Poizner announced that Heather Lambert will serve as deputy insurance commissioner for community relations. Lambert previously served as external affairs coordinator in the Office of...

California Commissioner Announces 5% Workers’ Comp Rate Increase

Oct 24 2008 // Rejecting the Workers Compensation Insurance Rating Bureau’s (WCIRB) call for a 16 percent increase in the benchmark for determining workers’ compensation costs, California Insurance Commissioner Steve Poizner...

California Opens Local Assistance Center for Wildfire Victims

Oct 22 2008 // California Gov. Arnold Schwarzenegger announced the establishment of a Local Assistance Center to help victims of the recent Southern California wildfires. The center, located at Dexter Park, in Sylmar, Calif., will...

California Recovers Nearly $13 Million Following 2007 Wildfires

Oct 21 2008 // Nearly one year after the October 2007 wildfires, California Insurance Commissioner Steve Poizner announced that the state’s Department of Insurance has recovered more than $12.7 million from insurance companies by...

Willis Report: California May See Less Shaking in Earthquake

Oct 21 2008 // Willis Group Holdings, a global insurance broker, has released a report summarizing recent changes in the scientific view of seismic hazard in the United States. The report has been added to the curriculum of the Associate...

Wanted: Florida Agencies Focusing on Hispanic Market

Oct 20 2008 // Sunshine State High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The movers behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal...

Shrinking Citizens Signals Progress in Florida Property Market

Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...

Regulatory Compliance

Oct 20 2008 // Retention of Business Records Most people dread record keeping, whether it is logging expenses, travel mileage, billable hours, laps on the treadmill or the birthday presents given to family friends. Although it is...

California Approves Legislation To Transform Workers’ Comp Insurer

Oct 20 2008 // Calif. Gov. Arnold Schwarzenegger has signed Assembly Bill 1874 and Senate Bill 1145 into law to help increase transparency and strengthen corporate governance at the Golden State’s workers’ compensation...

California Bans Texting While Driving

Oct 20 2008 // California Gov. Arnold Schwarzenegger reinforced his commitment to keeping California’s roads safe by signing legislation that prohibits drivers from using text messaging devices while operating a motor...