Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Assembly Passes Two Bills
Jun 5 2006 // A bill that would extend the sunset date for certain tax credits made to community development financial institutions and another bill that would require the administrative director of the Division of Workers’...
Fraud Roundup
Jun 5 2006 // California correctional officer submits fraudulent workers’ comp claims A former California Department of Corrections and Rehabilitation correctional officer has been arrested for submitting fraudulent workers’...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
New Markets
Jun 5 2006 // Surgeons Liability Insurance Nuts & Bolts: Avreco is offering bariatrics and general surgery physicians professional liability coverage. Eligible risks must be certified by the American Board of Surgery or the...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
Arthur J. Gallagher lacked authority to issue additional endorsements
Jun 5 2006 // A California court has found Arthur J. Gallagher had no authority to issue additional insured endorsements in a high-exposure construction defect litigation. The court ruled California law prohibits the issuance of...
California workers’ comp system reformed, but still needs more
Jun 5 2006 // Since workers’ compensation reforms were implemented in California in 2002, labor, government and insurers agree that the market has become more competitive and costs have decreased. “There’s more...
Fraud Roundup
Jun 5 2006 // California correctional officer submits fraudulent workers’ comp claims A former California Department of Corrections and Rehabilitation correctional officer has been arrested for submitting fraudulent workers’...
California State Fund Files Average 10 Percent Premium Decrease
Jun 2 2006 // California’s State Compensation Insurance Fund filed its sixth consecutive rate reduction, reflecting an average collectible premium decrease of 10 percent on new and renewal workers’ compensation policies with...
Standard & Poor’s Downgrades Mercury Insurance from Stable to Negative
Jun 1 2006 // Standard & Poor’s Ratings Services has revised its outlook on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and Mercury Insurance Co. of Florida (collectively referred to as...
California Commissioner Recommends 16.4 Percent Workers’ Comp Rate Cut
May 31 2006 // California Insurance Commissioner John Garamendi has recommended a 16.4 percent decrease in the workers’ compensation pure premium rate. The decrease would be applicable to new and renewal policies as of the first...
Iroquois Group Branches into California
May 31 2006 // The Iroquois Group, Olean, N.Y., recently announced its expansion into California through the formation of Iroquois Insurance Services. “We have had our eye on the California market for some time, but we knew we...
California Considering New Mileage Verification Rules
May 31 2006 // Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department of Insurance (CDI) has proposed to its personal...
Eight Arrested in California for Defrauding Insurance Carriers
May 26 2006 // The California Department of Insurance (CDI) Fraud Division conducted an arrest warrant sweep that resulted in the arrests of eight suspects in Tulare, Fresno and San Luis Obispo counties. The suspects in these cases are...
Arthur J. Gallagher Lacked Authority to Issue Additional Endorsements
May 26 2006 // A California court has found Arthur J. Gallagher had no authority to issue additional insured endorsements in a high-exposure construction defect litigation. The court ruled California law prohibits the issuance of...
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
Californians Urged to Prepare for Potentially Dangerous Fire Season
May 25 2006 // The Association of California Insurance Companies (ACIC) is urging Californians living in brush and mountainous areas to be prepared for what could be a particularly dangerous fire season later this year. “It is...
N.C. Lawsuits Accuse Calif. Insurance Provider of Fraud
May 24 2006 // Two California-based financial services companies took hundreds of thousands of dollars from senior citizens through deceptive tactics, state Attorney General Roy Cooper said in a lawsuit brought against the companies in...
Wilson Named Executive Director for California Guarantee Association
May 23 2006 // Wayne Wilson has been appointed executive director of the California Insurance Guarantee Association (CIGA). He will succeed Lawrence Mulryan, who announced his retirement after serving as executive director since...
Frazier Elected President of Personal Insurance Federation of California
May 23 2006 // Rex D. Frazier has been elected president Personal Insurance Federation of California (PIFC). He has served as vice president and general counsel since April, 2005. He replaces former PIFC President Dan Dunmoyer, who left...
