Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Major Insurers, Non-Profits Launch Community-based Healthcare Initiative Impact
Dec 4 2005 // Impact Community Capital LLC, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed up to offer as much as $50 million in low-interest loans to community health clinics that serve...
News Briefs
Dec 4 2005 // New Online License Service Available for Wash. Agents and Brokers Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their...
Calif. Court Rules in Favor of Earthquake Policyholders
Dec 2 2005 // An insurance broker was a representative for the California Fair Plan Insurance Co. with regard to the Northridge earthquake revival statute, which gave policyholders another year to file lawsuits against their insurers in...
Calif. Physician Sentenced to 8 Years in Prison for Fraud
Dec 1 2005 // A Brentwood, California physician who pleaded no contest to fraud charges in three separate cases was sentenced this week to an eight-year prison term and ordered to pay his victims $5 million, the District...
Investigation Requested in Failed California Insurance Company
Dec 1 2005 // Consumer advocates and a government official Wednesday called for prosecutors to investigate the financing of a failed insurance company that left the Los Angeles suburb of Gardena near bankruptcy, saddled with more than...
Broker Who Allegedly Stole $3.8 Million Has 2006 Court Date
Dec 1 2005 // Victims of an insurance broker who allegedly collected $3.8 million for bogus policies through his offices in California, New York and Texas may never recover their money, authorities said. Clarence Joseph Hall III, a San...
Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change
Dec 1 2005 // Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance...
Calif. Court Dismisses Complaint Against Fremont General
Nov 30 2005 // The Superior Court of California has dismissed the remaining cause of action in an amended complaint filed by the California Insurance Commissioner, on behalf of Fremont Indemnity Co. against Fremont General Corp. The...
Superior Court Decision May Impact Occupational and Medical Clinics
Nov 30 2005 // A Superior Court decision to award Palm Medical Group Inc. $1.13 million in a dispute with State Fund (Palm Medical Group v. State Compensation Insurance Fund (SCIF)) may affect hundreds of other occupational clinics in...
Calif. State Fund Files an Average 16% Rate Decrease
Nov 29 2005 // California’s State Compensation Insurance Fund has filed an average rate decrease of 16 percent on new and renewal workers’ compensation policies with an effective date on or after Jan. 1, 2006. This marks the...
Former Calif. Broker Charged with Selling Fake Policies
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
Calif. Highway Patrol Reports Fewer DUI Arrests, Traffic Fatalities
Nov 28 2005 // The number of people arrested for drinking and driving during the Thanksgiving holiday fell slightly from last year, along with the number of traffic fatalities, according to the California Highway Patrol. From 6 p.m....
Dave Paloma Joins The Insco/Dico Group as Regional Manager
Nov 28 2005 // The Insco Dico Group announced today that Dave Paloma has joined their team of surety professionals as Regional Manager of their Glendale, California and Tempe, Arizona branch offices. Dave was most recently with CNA...
Zenith Files 13.1% Drop in its Calif. Workers’ Comp Rates Starting Jan. 1
Nov 28 2005 // Zenith National Insurance Corp. reported that its wholly owned subsidiary, Zenith Insurance Company, has filed with the California Department of Insurance its workers’ compensation rates for use in California on or...
Calif. Crash for Cash Ringleader Arrested
Nov 25 2005 // California Insurance Commissioner John Garamendi on Wednesday announced the arrest of the suspected ringleader of a major operation that has allegedly staged more than 60 auto collisions over the past 18 months, bilking...
Executive Life Judge has Final Ruling; Confirms Some $900M in Total Verdicts, Settlements
Nov 23 2005 // California Insurance Commissioner John Garamendi on Tuesday praised a Los Angeles Federal judge’s ruling that the Artemis company, reportedly a main conspirator in the fraudulent purchase of the Executive Life...
Choice of Medical Care Provider Affects Costs, Outcomes for Injured Workers
Nov 23 2005 // The choice of medical care providers to treat injured workers by either workers or their employer not only impacts medical costs but also a variety of outcomes for injured workers, according to a new study by the Workers...
Insurers, Nonprofits Offer Low-Income Loans to Health Clinics
Nov 22 2005 // Impact Community Capital, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed to offer as much as $50 million in low-interest loans to community health clinics that have difficulty...
Dwelling Fire–California
Nov 21 2005 // 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, “fixer-uppers,”...
Excess/Umbrella–California Contractors
Nov 21 2005 // Nuts & Bolts: SIU LLC is offering a new excess/umbrella market for contractors available in California. Dollars: Deductibles are $10,000; minimum premiums are $1,500; and the policy limits are $5...
