Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Commissioner Drops Broker Regulations
Nov 20 2005 // California Insurance Commis-sioner John Garamendi has announced that he will halt efforts to adopt new regulations imposing fiduciary duties and mandatory disclosure regulations on insurance agents and brokers. “We...
Business Moves
Nov 20 2005 // Indemnity Excess & Surplus Agency Expands Online Services Indemnity Excess & Surplus Agency has expanded its online quoting offerings to include six popular lines of business. Now IES-appointed producers have...
News Briefs
Nov 20 2005 // California Governor’s Measures Defeated in Special Election California’s special election battle, the costliest campaign in the state’s history, roared to a close in November, much to the chagrin of Gov....
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 20 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
New Markets
Nov 20 2005 // Dwelling Fire-California Nuts & Bolts: The Foremost Insurance Co., Grand Rapids, Mich., has introduced a dwelling fire program in California. The program is designed for individuals with lower-valued homes,...
Calif. Commissioner Announces Team in Bid for Lieutenant Governor
Nov 18 2005 // California Insurance Commissioner and Democratic candidate for Lieutenant Governor John Garamendi has announced his 2006 campaign team, which includes key participants in the successful campaign to defeat Gov. Arnold...
California Producer School to Give New Producers a Head Start in the New Year
Nov 17 2005 // Austin, TX – The National Alliance School for Producer Development, also known as the “Producer School,” will kick off 2006 with a three-week, total immersion commercial producer training program January...
Insurance Commissioners Announce Framework for National Cat Program
Nov 17 2005 // Concluding the two-day National Catastrophe Insurance Summit held in Burlingame, Calif., insurance commissioners from California, Florida, Illinois and New York on Wednesday agreed that they had a basic framework for a...
U.S. Needs National Catastrophe Insurance Program, Insurance Commissioners Say
Nov 16 2005 // Insurance Commissioners from California, Florida, Illinois and New York began laying the groundwork Tuesday for what they hope will turn into a national catastrophe insurance program that would cover all Americans. Hosting...
Oxnard, Calif. State Fund Office Offers Employer Safety Seminar
Nov 15 2005 // As part of State Fund’s ongoing educational program to create safe workplaces and update employers on new workers’ compensation insurance rules, its Oxnard District Office will hold a free safety seminar on...
Insurance Regulators Hosting National Catastrophe Insurance Program Summit
Nov 14 2005 // State insurance regulators, industry representatives, catastrophe experts and consumer representatives are convening in San Francisco on Tuesday for a two-day summit in to help devise a national catastrophe insurance...
PAULA Financial Unveils Q3 Numbers; Declares Quarterly Cash Dividend
Nov 14 2005 // California-based PAULA Financial has reported net income for the third quarter of 2005 of $218,000 or $0.03 per share compared to $142,000 or $0.02 per share for the 2004 period. For the nine months ended Sept. 30, 2005,...
California Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 11 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates. This is his fifth consecutive decrease, which will bring the...
Cambridge General Agency Opens Central California Office
Nov 10 2005 // Paul Janofsky, executive vice president of Cambridge General Agency, has announced the company has opened its fifth branch office in California. Cambridge General is a licensed surplus lines brokerage, managing general...
People & Places
Nov 7 2005 // Barbara Carey ACE USA announced two appointments in its ACE Casualty Risk Unit. William Hazelton has joined as senior vice president and underwriting manager for ACE Environ-mental Risk, and Mitchell Schmidt is now senior...
CA Insurers Turn Out in Record Number to Help Nonprofits
Nov 7 2005 // An unprecedented number of California insurance industry professionals volunteered their time to charitable projects for the Insurance Industry Charitable Foundation’s recent 8th Annual Volunteer Week. The 2005...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Nov 7 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court recently ruled. The 2nd District Court of Appeal ruled in a case...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 7 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
UnumProvident Enters Settlement
Nov 7 2005 // Three of UnumProvident Corp.’s insurance subsidiaries have entered into a settlement agreement with the California Depart-ment of Insurance, concluding an investigation of the subsidiaries’ disability claims...
Calif. Agent Pleads Guilty to Theft
Nov 7 2005 // A Costa Mesa Insurance agent pled guilty to three felony counts of grand theft and was forced to surrender his insurance license for life following an investigation conducted by the California Department of Insurance (CDI)...
