Latest California Headlines

Network E&S Insurance Hires Gomez for Calif. Office

Feb 7 2006 // Network E&S Insurance Brokers LLC, a California based wholesale broker, has hired Matt Gomez as a casualty and property broker in the Calabasas office. He will concentrate on writing general liability/products,...

Cypress Premium Opens Calif. Office

Feb 6 2006 // Cypress Premium Funding Inc. has opened an office in San Juan Capistrano, Calif., to provide services and products for the commercial property and casualty insurance industry. John Ratliff, president and owner of the new...

South Coast General Offers New Market for Auto Detailers in Calif.

Feb 6 2006 // South Coast General Insurance is offering a new market for auto detailers and car detailers in California. The coverage includes business property and general liability for home-based businesses. Policy limits are $1...

Bush Notes 10 Calif. Counties Eligible for Storm Assistance

Feb 6 2006 // President George W. Bush declared 10 California counties that were battered by storms and flooding over the holidays as disaster areas where homeowners and businesses will be eligible for federal aid, the White House...

Proposed Calif. reinsurance regulations could hurt business

Feb 6 2006 // The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market competition,” according...

People & Places

Feb 6 2006 // Bob Amado, president of Colemont’s Northern California offices, has retired, effective Jan. 1, 2006. Doris Barnett has been named his successor. Amado joined Colemont in 1997 and was instrumental in growing the...

Fraud Roundup

Feb 6 2006 // Roofer To Pay Calif. State Fund $117,000 A San Joaquin County, Calif., Superior Court Judge has ordered Lodi,Calif., resident Joseph C. Campbell, 39, to pay $117,000 in restitution to California’s State Compensation...

Calif. could force investment reporting

Feb 6 2006 // The California Assembly is considering a bill that would require insurers to report biannually to the insurance commissioner their community development investments. When it was initially introduced, AB 925 would have...

Insurance company taxes, investments grow Golden State’s economy

Feb 6 2006 // Insurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...

New Markets

Feb 6 2006 // Non-Standard Medical MalpracticeNuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists — plastic/cosmetic surgeons, emergency...

Proposed Calif. reinsurance regulations could hurt business

Feb 5 2006 // News Currents The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market...

Calif. could force investment reporting

Feb 5 2006 // The California Assembly is considering a bill that would require insurers to report biannually to the insurance commissioner their community development investments. When it was initially introduced, AB 925 would have...

New Markets

Feb 5 2006 // New Markets Nuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists – plastic/cosmetic surgeons, emergency room physicians, lasik...

Feb 5 2006 // People Bob Amado, president of Colemont’s Northern California offices, has retired, effective Jan. 1, 2006. Doris Barnett has been named his successor. Amado joined Colemont in 1997 and was instrumental in growing...

Petition for Class Action Filed against Calif. SCIF

Feb 5 2006 // Chris R. Alcala of Los Angeles has filed a petition for class action against California’s State Fund Compensation Insurance Fund for mispaying for interpreting services. According to the petition, SCIF paid $45...

California Insurance Industry

Feb 5 2006 // I nsurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...

LA doctor pleads not guilty in alleged health care scam

Feb 5 2006 // A doctor has pleaded not guilty to charges of bilking insurance companies by arranging unneeded surgeries with the cooperation of patients. Dr. Mamdouh Bahna, 58, who entered his plea in federal court, was taken into...

California State-East Bay Employees May Have Had Data Breached

Feb 3 2006 // More than 2,000 current and former employees of California State University, East Bay, may have had their Social Security numbers and other personal information breached during a suspected break-in of a computer server on...

Calif. Division of Workers’ Comp Notes Reforms Working

Feb 3 2006 // California’s Division of Workers’ Compensation (DWC) has released a study on the effects of legislative reforms on insurance rates in the state, noting that rates have been reduced and competition has returned....

Insurance Skills Center Hosts E&O Classes Throughout California

Feb 2 2006 // Insurance Skills Center, Huntington Beach, Calif., will be presenting errors and omissions classes throughout California that focus on the new issues of permanent digital retention of records, the increased exposure to the...