Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
People
Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...
Declarations
Jan 27 2008 // Startling Results “We wanted to know what these insurance agents see for 2008, and the results were more than a little startling.” —Joe Wheeler, vice president of Self Insured Solutions (SIS), commenting on a...
Business Moves
Jan 27 2008 // Beecher Carlson, Alliance Insurance Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed. According to Beecher...
Engineers Warn Flooding is ‘Next Big Disaster’ for California
Jan 27 2008 // While flooding in California’s Central Valley is “the next big disaster waiting to happen,” water-related infrastructure issues confront almost every community across the country, according to engineers...
Calif.-based MOC Insurance, Farallon Assoc. Announce Merger
Jan 25 2008 // Van Maroevich, president and CEO of MOC Insurance Services/Maroevich, O’Shea & Coghlan, and Peter Brown and Harry Humphrey of Farallon Associates Insurance Brokers, both based in San Francisco, announced the...
Calif. Lawmaker Seeks to Ban Some Risky Mortgages
Jan 24 2008 // A California legislator on Wednesday introduced a lending-regulation bill that seeks to mandate the obvious — that people who want to buy a home can actually afford the mortgage, property taxes and insurance. The...
Ludt Joins Lawson-Hawks Team
Jan 23 2008 // John Miller, chief executive officer of Lawson-Hawks Insurance Associates announced the recent addition of Michael Ludt of Irvine, Calif., as a broker for the Healthcare/Medical Malpractice Division for the Mountain...
U.S. Releases New Disaster Response and Recovery Plan
Jan 23 2008 // The Department of Homeland Security (DHS) has released a comprehensive plan for what the country must do to have a more effective and unified response and recovery in disaster situations. DHS said that the new plan, called...
California AG Approves Uninsured Motorist Ballot Initiative
Jan 22 2008 // A proposed measure that would require California state and local law enforcement officers to remove the license plates of any vehicle lacking proof of insurance and current valid registration is one step closer to reaching...
Brass, Cuneo and Lowe Appointed to California WC Appeals Board
Jan 18 2008 // California Gov. Arnold Schwarzenegger announced the appointments of Frank Brass, James Cuneo and Deidra Lowe to the state’s Workers’ Compensation Appeals Board (WCAB). All appointments are subject to...
California Agents Brace for Rising WC Rates, Sluggish Economy
Jan 18 2008 // In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving – either for themselves or for their clients – in...
Flooding is ‘Next Big Disaster’ in Store for Calif., Say Engineers
Jan 18 2008 // While flooding in California’s Central Valley is “the next big disaster waiting to happen,” water-related infrastructure issues confront almost every community across the country, according to engineers...
Networked Insurance Agents Opens New Territory in So. Calif.
Jan 17 2008 // Networked Insurance Agents, a national provider of markets, programs, and placement services to insurance agents, has appointed Cindy DeKay as territorial sales vice president for Metro Los Angeles. DeKay comes to...
Calif. Title Insurers to Pay $3.5M for Alleged Unfair Rating Practices
Jan 17 2008 // Commissioner Poizner Announces $3.5 Million Settlement with LandAmerica Corporation, $2 Million Refunded to Customers Commonwealth Land Title, Lawyers Title, and Transnation Title agree to Cease and Desist from unfair...
ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims
Jan 14 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same...
Genstar Capital, Execs Create National Brokerage for Hispanic Consumers
Jan 14 2008 // San Francisco-based Genstar Capital LLC, a middle market private equity firm, has partnered with insurance industry executives and Westline Corp. to establish Confie Seguros, a platform company formed to facilitate the...
Deregulation Pushing Banks Into Insurance Industry
Jan 13 2008 // As the financial services industry has evolved since deregulation, there has been a rise in “bancassurance: the joint effort of banks and insurers to provide insurance services to the bank’s customer...
People
Jan 13 2008 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, appointed John Nilson senior vice president, western region for ACE Risk Management. Nilson will be based in Los Angeles and oversee ARM...
Fraud Roundup
Jan 13 2008 // ‘Rent-a-Patient’ Doctor Sentenced to Nearly Five Years A doctor who paid patients so he could carry out unnecessary surgeries and then bill insurance companies for the work has been sentenced in Los Angeles to...
Industry, Residents Assessing West’s Winter Storm Damage
Jan 13 2008 // While it’s too soon to tally insured loss estimates from early winter storms that struck the West in January, residents who fled their homes due to flooding are facing damages, all while the National Weather Service...
