Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
People
Apr 23 2007 // The Property Casualty Insurers Association of America hired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C., office. Previously, McKay served as chief of staff for...
Mercury Insurance Premier Sponsor of Community Service Event
Apr 20 2007 // Los Angeles-based Mercury Insurance has committed to become a Premier Sponsor of Big Sunday ’07, dubbed the largest community service event in America. Big Sunday ’07 will be staged April 28 and 29, 2007,...
Calif. Office of Administrative Law Repeals DOI Agent/Broker “Precedential Decision”
Apr 19 2007 // The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. This week, the California Office of Administrative Law (OAL) determined that...
Calif. State Fund To Receive $46,000 in Workers’ Comp Fraud Case
Apr 19 2007 // Imperial Valley, Calif., County Superior Court Judge Poli Flores has ordered an employee of an El Centro, Calif., hay exporter to pay $45,996 in restitution to the State Compensation Insurance Fund in a workers’...
Fireman’s Fund Expands Wildfire Protection Services in Calif.
Apr 19 2007 // Novato, Calif.-based Fireman’s Fund Insurance Co. has expanded its territory and offerings with FireProtec, a vegetation cutting crew staffed by off-duty firefighters. Through the alliance, Fireman’s Fund said...
Calif. State Fund Hires Two Amid Ongoing Investigation
Apr 18 2007 // The troubled California State Compensation Insurance Fund has hired Stephen C. Kolakowski as interim CFO and Marjorie Berte as a management consultant. Recently, the state’s workers’ compensation insurer...
Calif. State Fund To Host Accident Investigation Seminar
Apr 13 2007 // California’s State Compensation Insurance Fund will sponsor a comprehensive accident investigation seminar in Oxnard, Calif., on April 18. The seminar, which is free to State Fund policyholders, is designed to show...
Ark. Commissioner Speaks to Senate Committee on State of P/C Industry
Apr 12 2007 // Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market...
Golden Bear Upgraded by A.M. Best
Apr 11 2007 // Golden Bear Insurance Company has been upgraded to a “B++ VI” rating by A.M. Best Company. The rating reflects the company’s continued underwriting and operating profitability, solid capitalization and...
Cunningham Lindsey Appoints Larson to Business Development Team in Calif.
Apr 10 2007 // Dallas-based Cunningham Lindsey U.S. has added Barbara Larson to its Business Development Team as a regional account executive to be based in the company’s Sacramento, Calif., office. Larson brings more than 20 years...
People and Places
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
PREDICTING EARTHQUAKE LOSSES
Apr 9 2007 // The California Earthquake Authority is collaborating with the U.S. Geological Survey and the National Science Foundation on a new earthquake damage risk model to update the current model developed by risk modeling company...
My New Markets
Apr 9 2007 // Skating Rinks, Roller and Ice Venues Nuts & Bolts: American Insurance Alliance is offering Roller and Ice Skating venues that are traditionally difficult to insure general liability coverage. American Insurance...
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
Calif. low cost auto program expanded to six counties
Apr 9 2007 // California has expanded its Low Cost Automobile Insurance Program to low-income, good drivers in Merced, Monterey, Santa Barbara, Sonoma, Tulare and Ventura counties, announced the California Department of Insurance. The...
Business Moves
Apr 9 2007 // AXIS Capital, Aon Media/Pro AXIS Capital, a global specialty commercial property/casualty insurer and reinsurer, agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general...
News Currents
Apr 9 2007 // Multiple factors came together in 2002 and 2003 that led to increased political pressure and calls for more oversight of SCIF. Management shaken up, investigations ensue at Calif. State Fund California Gov. Arnold...
Calif. Workers’ Compensation Insurance Rating Bureau approves 11.3 percent rate decrease
Apr 9 2007 // The Workers’ Compensation Insurance Rating Bureau of California Governing Committee submitted a rate filing to the California Department of Insurance recommending a 11.3 percent decrease in advisory pure premium...
People
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
