Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Figures
Dec 24 2006 // 5.9% Decrease in average total combined auto insurance premium in Colorado from 2003 to 2004, according to the National Association of Insurance Commissioners’ “2003/2004 Auto Insurance Database Report.”...
10 Calif. agents may get more calls from uninsured motorists
Dec 24 2006 // State issuing record number of registration suspension notices 10 Nevada proposes workers’ comp loss cost rate increase Inflationary pressures moving prices upward 11 Hawaii issues captive license to MHC...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
California agents may get more calls from uninsured motorists
Dec 24 2006 // Insurance agents who sell personal lines in California might be getting more calls than usual from consumers seeking auto insurance, now that the state is cracking down on uninsured motorists. Following legislation SB1500,...
Munich Re Places $190 Million Calif. Quake Cat Bond for Zurich
Dec 22 2006 // Munich Re announced that it has transferred earthquake risks in California to the capital markets for subsidiaries of the Zurich Financial Services Group in cooperation with Aon Capital Markets, providing coverage through...
Aon Places California Earthquake Catastrophe Bond
Dec 22 2006 // Aon Corp., based in Chicago, announced that its investment banking group, Aon Capital Markets, completed the private placement of $190 million of principal at- risk variable rate notes for Munich Re. The placement provides...
Oregon Revokes Producer Salcido’s License
Dec 21 2006 // The Director of the Oregon Department of Consumer and Business Services has revoked the license of nonresident producer Manuel A. Salcido. Salcido has been licensed in Oregon as a nonresident insurance producer from Nov....
Overall, Foodborne Illnesses Decline, Except from Leafy Vegetables
Dec 21 2006 // Recent E. coli outbreaks have drawn attention to foodborne illnesses, and though officials say the overall number of cases is on the decline, produce — particularly leafy vegetables — is increasingly a carrier of germs...
California Workers’ Comp Reforms Continuing to Bring Costs Down
Dec 20 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2006. The data seems to verify that workers’...
Abalos Promoted to Vice President of Colemont-Southern California
Dec 18 2006 // Colemont Insurance Brokers has promoted Dede Abalos to vice president of Colemont – Southern California. Abalos joined Colemont April 1999. She has been in the excess and surplus lines industry since 1996. She writes...
Calif. State Fund Receives More Than $3 Million in Fraud Restitution
Dec 15 2006 // San Diego Superior Court Judge William H. McAdam has ordered the owners of a San Diego area roofing company to pay $3 million in restitution to California’s State Compensation Insurance Fund, $81,649 in investigation...
Calif. Senator Wants Businesses, Workers to Share in Covering Uninsured
Dec 15 2006 // Staking out the middle ground in the burgeoning health care debate, Senate President Pro Tem Don Perata outlined a plan to cover 4.2 million uninsured Californians, mostly the working poor. Perata’s plan would...
California Agents May Get More Calls From Uninsured Motorists
Dec 14 2006 // Insurance agents who sell personal lines in California might be getting more calls than usual from consumers seeking auto insurance, now that the state is cracking down on uninsured motorists. Following legislation SB1500,...
Calif. Reaches Settlement with Prudential To End Payment of Undisclosed Commissions
Dec 13 2006 // California Insurance Commissioner John Garamendi on Tuesday announced that Prudential Insurance Co. of America agreed to settle its dispute with the division over alleged abusive practices. As part of the agreement,...
Builders & Tradesmen’s Offers Commercial Package Policy in California
Dec 13 2006 // Builders & Tradesmen’s Insurance Services Inc., Rocklin, Calif., has a new commercial package policy available in California underwritten by One Beacon. Eligable classes are garage, manufatures,...
Nielson Named Executive Director of California Agents Alliance
Dec 13 2006 // The Alliance of Insurance Agents and Brokers has appointed David G. Nielson its new executive director. A former Alliance Board of Directors president, Nielson left an indelible legacy with the association. During his...
California Sets New Workers’ Comp Medical Mileage and Ambulance Service Rates
Dec 12 2006 // California’s Division of Workers’ Compensation (DWC) has announced that the mileage rate that workers’ compensation claims administrators pay injured workers for travel related to medical treatment or...
Safeco Appointment Creates Controversy
Dec 11 2006 // The Associated Press is reporting that the recent appointment of Juan Vargas to serve as Safeco’s vice president of external relations is creating controversy. “The appointment of the San Diego lawmaker to one...
Motor vehicle theft declines in California, but violent crime increases
Dec 11 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
Experts Warn Insurance Regulators About Dangers of New Madrid Fault
Dec 11 2006 // Earthquake, insurance and building code experts from across the country today warned state insurance regulators of the catastrophic consequences when middle America experiences a replay of the 1811 and 1812 New Madrid...
