Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Senate Considers Agent-Broker Bill, Consumer Group Challenges Legislation
Jun 17 2008 // Three pieces of legislation will be heard in the Senate Banking, Finance and Insurance committee on Wednesday, June 17, 2008. Assemblyman Jared Huffman’s AB 2800 would allow insurance companies to require drivers to...
Anderson & Murison Offers Umbrella for Commercial Exposures in California
Jun 16 2008 // Los Angeles-based Anderson & Murison Inc. can now write a personal umbrella policy that includes coverage for commercial exposures for California only. The “big umbrella” is an extension of the...
Firefighters in California Struggling to Get Upper Hand on Fire
Jun 16 2008 // High wind on Saturday, June 13, 2008, continued to stoke fires across Northern California that had destroyed dozens of homes and forced thousands of residents to flee. At least 66 homes had been destroyed with 17 others...
California Report Details How to Reduce Fraudulent Claims
Jun 16 2008 // Commissioner Takes Action on Five Recommendations Insurance fraud in California totals more than $15 billion each year, costing each resident an average of more than $500 per year. That’s the estimate published in a...
People
Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...
California Appeals Court Upholds Cap on Workers’ Comp Treatments
Jun 16 2008 // A Court of Appeal in California rejected a constitutional challenge to the number of visits a worker is entitled to for chiropractic, physical therapy or occupational therapy visits under the state’s workers’...
California Regulator Says Insurance Needs Local Regulation, More Modernization
Jun 16 2008 // Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance...
Workers’ Comp Insurance Deserves Extra Caution in Construction Market
Jun 16 2008 // Move from Residential to Commercial Construction Increasing Risk Severity Following legislative reforms, the slowing economy and soft market conditions, workers’ compensation insurance carriers are eager to build...
Premium Financing Compensation Disclosures: Are You in Compliance?
Jun 16 2008 // Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code...
California Launches Workers’ Comp Enforcement Program
Jun 16 2008 // The California Department of Industrial Relations has launched an Insurance Coverage Program, an enforcement program designed to identify and target employers who fail to carry workers’ compensation insurance. DIR...
Brokerage Stocks Down; M&A Activity Continues at Strong Pace but Slower Than 2007
Jun 16 2008 // Stock Prices: The brokerage sector as a whole is down 3 percent for the year. Among middle-market brokers, Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peers Brown & Brown (NYSE:BRO), down...
California Roundtable To Create Incentives for Disaster Preparation, Fire Mitigation
Jun 13 2008 // After bringing together insurance industry executives, consumer groups and fire officials to discuss preparations for future potential fire disasters at a roundtable held on May 12, 2008, California Insurance Commissioner...
Northern California Wildfires Forces Hundreds to Flee Homes
Jun 13 2008 // Firefighters struggled to gain control of a series of wind-driven wildfires burning across Northern California, including a raging forest fire that forced hundreds to flee their homes in the Santa Cruz Mountains. The...
Insurance Experts Headed to California Summit Fire Disaster Areas
Jun 12 2008 // California Insurance Commissioner Steve Poizner deployed Department of Insurance consumer information experts to assist Santa Cruz’s Summit Fire survivors on the road to recovery. Gov. Arnold Schwarzenegger announced...
Mercury Provides California Policyholders $61 Million Rate Reduction
Jun 12 2008 // George Joseph, founder and chairman of Mercury General Corp. announced the company has filed for and was approved for a 33 percent rate reduction for homeowners and 10 percent rate reduction for renters insurance...
California Receives $6.3 Million in Workers’ Comp Fraud Case
Jun 10 2008 // California Insurance Commissioner Steve Poizner announced Cover All, Inc., a 15-year old flooring and carpet installation company headquartered Chatsworth, pled no contest to one count of insurance fraud in Los Angeles...
Survey: Hundreds Underinsured in Last Year’s California Wildfires
Jun 9 2008 // Hundreds of people who lost homes in last year’s wildfires did not have enough insurance to cover their rebuilding costs, according to a survey sponsored by United Policyholders, a San Francisco consumer...
California Commissioner Announces Arrest in Felony Insurance Fraud
Jun 9 2008 // Insurance Commissioner Steve Poizner announced Olav A. Flores, 35, of Cedar Glen, surrendered himself to San Bernardino Superior Court after learning an arrest warrant was issued charging him with one count of insurance...
American E&S Appoints Broker in Irvine, California
Jun 6 2008 // American E&S Insurance Brokers named James Lassiter a professional and financial lines broker. He will be working in the Irvine, Calif., branch. Lassiter has spent nearly 15 years in the insurance industry,...
California Launches Workers’ Comp Enforcement Program
Jun 6 2008 // The California Department of Industrial Relations has launched an Insurance Coverage Program, an enforcement program designed to identify and target employers who fail to carry workers’ compensation insurance. DIR...
