Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
WIAA Submits Comments On Latest Garamendi Agenda Proposal
Aug 12 2005 // Requiring insurers to submit written explanations of “for cause” terminations of company appointments is unnecessary and lacks statutory authority Rancho Cordova…The Western Insurance Agents Association,...
Bills to Be Heard Next Week in Calif. Legislature
Aug 12 2005 // The Association of California Insurance Companies has released their weekly bill roundup. The following bills that will be heard next week in the California Legislature: Senate Appropriations Committee – Aug. 15 AB...
Worsoe Named UBOC Executive VP
Aug 11 2005 // Former Senior Vice President Johannes (Johs) Worsoe, head of global markets, chairman and CEO of UnionBanc Investment Services, LLC, and chairman and CEO of UBOC Insurance Inc., has been promoted to executive vice...
Zenith National, Units Outlook Revised to Postivie; Ratings Affirmed
Aug 11 2005 // Standard & Poor’s Ratings Services has affirmed its ‘BB+’ counterparty credit rating and ‘B+’ preferred stock rating on Zenith National Insurance Corp. (Zenith). Standard &...
Earthquake Damage Can Be Avoided
Aug 10 2005 // Although earthquakes are among the least predictable natural hazards, losses to unprepared businesses can be substantial when they do occur. Affiliated FM, a commercial property insurer and loss prevention expert serving...
WIAA Submits Comments On Latest Garamendi Agenda Proposal
Aug 9 2005 // The Western Insurance Agents Association, a leader in the fight against the Garamendi Agenda, submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation impacting...
Trade Associations Oppose Continuation of Low Cost Auto in California
Aug 8 2005 // California’s Low Cost Auto program may or may not continue, depending on the passage of SB 20 (Escutia), which would extend the pilot program beyond its Jan. 1, 2007, sunset date. The bill was re-referred to the...
CAS Attendees Hear of Positive Trends in California Workers’ Comp
Aug 8 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
Surprising Share of Workers’ Comp Cases Involve ‘Adverse Surprise’ Costs
Aug 8 2005 // Workers’ compensation cases with significant unanticipated medical care and costs are most common in California and Texas, and can represent as much as 30 percent to 40 percent of medical costs in most states,...
Medical Treatment for Similar Auto Crash Injuries Varies from State to State, Industry Study Reports
Aug 8 2005 // Auto injury claimants from four states seek different types of medical treatment, even though they report similar injuries, according to a study of insurance claims by the Insurance Research Council. The study examined...
Trade Associations Oppose Continuation of Low Cost Auto in California
Aug 8 2005 // California’s Low Cost Auto program may or may not continue, depending on the passage of SB 20 (Escutia), which would extend the pilot program beyond its Jan. 1, 2007, sunset date. The bill was re-referred to the...
CAS Attendees Hear of Positive Trends in California Workers’ Comp
Aug 8 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
Surprising Share of Workers’ Comp Cases Involve ‘Adverse Surprise’ Costs
Aug 8 2005 // Workers’ compensation cases with significant unanticipated medical care and costs are most common in California and Texas, and can represent as much as 30 percent to 40 percent of medical costs in most states,...
Lemac General Agency Offers Online Artisan Contractor Program
Aug 5 2005 // David Gorin, president of Lemac General Agency in Orange, California announced that Lemac producers can write Artisans online. Producers can submit an application online at www.lemacga.com, and they also have the option to...
Calif. Commissioner Releases Report on State Healthcare Crisis
Aug 4 2005 // Warning that California’s health care system is in a “death spiral,” Insurance Commissioner John Garamendi unveiled a comprehensive report outlining his plan to begin reforming the system and bring...
SCPIE Holdings Announces 2005 Second-Quarter and First-Half Results
Aug 4 2005 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported continued improved results for its second quarter and first half ended June 30, 2005. For the 2005 second quarter, SCPIE...
Lemoine Joins Woodruff-Sawyer’s Southern California Office
Aug 3 2005 // Woodruff-Sawyer & Co. announced that Stacy Lemoine has joined the firm as an Account Executive with their Southern California office. Lemoine will lead new business development activities and provide strategic risk...
N.Y.’s Lawley Joins RiskProNet
Aug 3 2005 // Lawley Service Inc., one of the Northeast’s largest insurance firms, has joined RiskProNet International Inc., a network of 28 major independent brokers across the United States and Canada. The Buffalo, N.Y.-based...
Record Turnout for ACIC’s General Counsel Seminar
Aug 2 2005 // The Association of California Insurance Companies (ACIC) had a record turnout at its recently concluded XVI Annual General Counsel Seminar at the Wynn Hotel, according to ACIC President Sam Sorich. “More than 220...
Court Rules that Calif. Country Club Discriminated Against Lesbian Couple
Aug 2 2005 // California’s highest court ruled that country clubs must offer gay members who register as domestic partners the same discounts given to married ones – a decision that could apply to other businesses such as...
