Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Drug Stayed on Hospital Shelves Despite Recall
Oct 8 2008 // 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, a California state agency said. The recalled drug heparin was...
Ironshore Specialty Insurance Becomes Surplus Lines Insurer in California
Oct 6 2008 // The California Department of Insurance has added Ironshore Specialty Insurance Co. (ISIC) to its List of Eligible Surplus Lines Insurers (LESLI listing). ISIC will provide specialty commercial insurance coverages on an...
California Governor Signs Agent-Broker Bill
Oct 6 2008 // California Gov. Arnold Schwarzenegger has signed Assembly Bill 2956, clarifying the duties of an agent versus those of a broker. The bill, Insurance Brokers and Agents of the West explained, establishes four situations in...
Non-Compete Agreements: Are They Enforceable?
Oct 6 2008 // Non-Competition Agreements in the Wake of Edwards v. Arthur Anderson In Edwards v. Arthur Anderson LLP (2008) 44 Cal. 4th 937, the California Supreme Court addressed the scope of the statutory ban on non-competition...
Business Moves
Oct 6 2008 // Arthur J. Gallagher & Co., California Insurance Center Arthur J. Gallagher & Co. acquired California Insurance Center Inc. of Lafayette, Calif. Terms of the transaction were not disclosed. Founded in 1929,...
People
Oct 6 2008 // Erie Insurance Group named Terrence W. Cavanaugh president and CEO, and an elected member of the firm’s board of directors. Cavanaugh joins Erie from Chubb Corp. where he most recently was senior vice president and...
Calif. Insurance Commissioner Considers 2010 Bid
Oct 6 2008 // California Insurance Commissioner Steve Poizner took an initial step toward seeking the Republican nomination for governor in 2010. Poizner filed papers with the Secretary of State’s office to form an exploratory...
ID Theft Insurance: Oasis or Mirage?
Oct 6 2008 // Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and...
California State Fund Names Five Management Appointments
Oct 2 2008 // California’s State Compensation Insurance Fund announced five executive appointments – chief operating officer, general counsel, chief risk officer, chief financial officer and chief information officer. The...
California Governor Vetoes Workers’ Comp Legislation
Oct 2 2008 // California Gov. Arnold Schwarzenegger has vetoed three bills he said would have interfered with the state’s workers’ compensation system. SB 1115 Permanent Disability Apportionment would have prohibited...
California Agents Alliance Launches George Joseph Educational Foundation
Oct 1 2008 // The Alliance of Insurance Agents and Brokers has created the George Joseph Educational Foundation to support insurance training for association members, provide educational scholarships for the next generation of insurance...
Wells Fargo Insurance Adds Boring As Sales Executive in Southern California
Sep 30 2008 // Wells Fargo Insurance Services Inc. has added Alan Boring as a senior vice president and sales executive in the Southern California region. Boring will specialize in upper middle market and large risk management accounts,...
California Offers Protections for Seniors
Sep 30 2008 // California Gov. Arnold Schwarzenegger has signed AB 2150 by Assemblymember Patty Berg that helps protect consumers by preventing the financial abuse of seniors. AB 2150 provides that insurance agents and brokers may not...
California Department of Insurance Recognized for Information Technology Improvement
Sep 29 2008 // The National Association of Chief Information Officers (NASCIO) has awarded the California Department of Insurance third place in the 2008 Recognition Awards for Outstanding Achievement in the Field of Information...
Consumer Groups Urge California to Approve Auto Repair Fraud Legislation
Sep 29 2008 // The Center for Auto Safety, Consumer Action and Consumers Union are united in urging California Gov. Arnold Schwarzenegger to sign Assembly Bill AB 2825, designed to protect motorists from auto body repair fraud. The...
California Workers’ Comp Insurance Rating Bureau Reports Q2 Results
Sep 26 2008 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its summary of the second quarter insurer results, which ended June 30, 2008. The report lists the following...
California Approves Legislation To Transform Workers’ Comp Insurer
Sep 26 2008 // Calif. Gov. Arnold Schwarzenegger has signed legislation to help transform the Golden State’s workers’ compensation insurer, the State Compensation Insurance Fund. Assembly Bill 1874 and Senate Bill 1145 are an...
California Can Issue Fines for Insurance Code Violations
Sep 26 2008 // California Gov. Arnold Schwarzenegger has signed a bill establishing a citation program for minor violations of the Insurance Code. Assembly Bill 2044 by Assemblyman Michael Duvall, R-Yorba Linda, “creates a new way...
California Governor Signs Agent-Broker Bill
Sep 26 2008 // With a Tuesday, Sept. 30, 2008, deadline to sign or veto bills fast approaching in Califorrnia, Gov. Arnold Schwarzenegger has taken action on several bills this week. Perhaps most notable to insurance agents is AB 2956,...
California Bans Texting While Driving
Sep 25 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...
