Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
My New Markets
May 21 2007 // Errors & Omissions, Agents Nuts & Bolts: Insurance agents and brokers now have access to errors and omissions coverage, through Swiss Re’s Commercial insurance market. Swiss Re announced the launch of a...
Business Moves
May 21 2007 // United Heritage, Alliance Mutual Insurance Alliance Mutual Insurance Co., headquartered in Greensboro, N.C., and United Heritage Financial Group Inc., based in Meridian, Idaho, have reached a preliminary agreement under...
Declarations
May 21 2007 // Declarations No means ‘no’ “I find no merit in State Farm’s contention that the assignment of these insurance proceeds deprives the plaintiffs, the named insureds, of standing to pursue a claim...
News Currents
May 21 2007 // Fire outlook: 2007 wildfire season looks wicked Fire scientists are predicting an above-average wildfire season from May through August 2007, according to the National Interagency Fire Center Predictive Services Group...
People
May 21 2007 // Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for...
My New Markets
May 21 2007 // Tow Truck Operators Nuts & Bolts: Swiss Re’s Commercial Insurance and BISYS launched a program for tow truck operators. Policies are underwritten by Westport Insurance Corp., a Swiss Re company, and are backed...
Business Moves
May 21 2007 // Alleghany, Employers Direct New York-based Alleghany Corp. agreed to purchase the outstanding shares of California-based Employers Direct Corp. for $195 million in cash. EDC, which was founded in 2002, is an insurance...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
Calif. court limits employers’ liability in workers’ comp
May 21 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
Insurers Try to Prevent Losses in Wildfire Hotspots
May 21 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Calif. Workers’ Comp Permanent Disability Cuts Ruled Not Legal
May 21 2007 // A Workers Compensation Appeals Board judge has invalidated California’s rating schedule that cut injured workers’ permanent disability compensation. According to the California Applicant Attorneys Association,...
Calif. court limits employers’ liability in workers’ comp
May 21 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
People and Places
May 21 2007 // Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for...
Three Calif. Doctors Arrested in Outpatient Surgery Center Scam
May 17 2007 // The California Department of Insurance and the Orange County District Attorney’s Office have arrested three doctors for medical fraud. The doctors are the latest charged defendants in what’s being dubbed the...
Fire Outlook: 2007 Wildfire Season Looks Wicked
May 15 2007 // Fire scientists are predicting an above-average wildfire season from May through August 2007, according to the National Interagency Fire Center Predictive Services Group based in Boise, Idaho. In its “National...
S&P Lowers Mercury’s Ratings to ‘AA-‘
May 14 2007 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and its financial...
NCCI Reiterates “Optimistic but Cautious” Outlook for Workers Comp
May 11 2007 // The workers compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995 according to NCCI Holdings...
Allstate To Cease Issuing New Homeowners Policies in Calif.
May 11 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect its existing property insurance customers in...
Calif. State Fund Appoints West VP
May 11 2007 // California’s State Compensation Insurance Fund has promoted David West to vice president and member of the Executive Committee. West brings 27 years of State Fund experience to his new post. He started his career in...
