Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AIA Urges Calif. Gov. to Veto Legislation Unraveling 2004 Comp Reforms
Sep 14 2005 // The American Insurance Association is urging Gov. Arnold Schwarzenegger (R) to veto SB 1023, authored by Senator Joe Dunn (D). This measure rolls the clock back by reinstating redundant penalties that were eliminated in...
IICF, Insurance Journal Partner to Help Katrina Victims
Sep 14 2005 // The Insurance Industry Charitable Foundation is partnering with the Insurance Journal to reach out to the insurance community for support and help for the victims and families of Hurricane Katrina. Beginning early last...
WCIRB to Propose 5.2% Decrease In Pure Premium Rates Effective Jan. 1
Sep 9 2005 // On July 28, 2005, the WCIRB submitted a filing to the California Department of Insurance (CDI) recommending, among other things, a 5.2 percent reduction in pure premium rates effective Jan. 1, 2006. Earlier today, the...
New Report Warns of Rising Threat to Industry from Climate Change
Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...
Insurex Announces Additional 15% Decrease in Workers’ Comp Rates
Sep 8 2005 // Insurex, a San Diego-based insurance brokerage, announces an additional 15.0 percent rate reduction on California workers’ compensation insurance effective Oct. 1, 2005 for affiliate agencies. The rate reductions are...
California Workers’ Comp Bill Tabled
Sep 7 2005 // A bill aimed at closing a loophole in California’s workers’ compensation laws that allows doctors to profit from big markups on prescription drugs they sell to their patients appears has died in the current...
Insurance Cos. Pushing Colo. Mountain Residents to Firescape
Sep 6 2005 // Colorado’s average fire season has been a double-edged sword for Brett Gibson, a volunteer fire department chief in the tree-covered hills west of Boulder. He appreciates the lower threat of fires. But he is having...
Case Law Watch
Sep 5 2005 // Boghos v. Certain Underwriters at Lloyd’s of London (California, July 18, 2005) Ruling: This case considered the effect and enforceability of an arbitration clause in a contract for disability insurance. The Supreme...
Zenith National Affirmed
Sep 5 2005 // Standard & Poor’s Ratings Services affirmed its “BB+” counterparty credit rating and “B+”‘ preferred stock rating on Zenith National Insurance Corp. S&P also affirmed its...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
Bay Area Agent/Broker Pleads Guilty
Sep 5 2005 // A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the...
Arbitration
Sep 5 2005 // Boghos v. Certain Underwriters at Lloyd’s of London (California, July 18, 2005) Ruling: This case considered the effect and enforceability of an arbitration clause in a contract for disability insurance. The Supreme...
New Markets
Sep 5 2005 // Hospitality Program Nuts & Bolts: Venture Insurance Programs added “Venture Hospitality,” to its hospitality program to complement its workers’ compensation products. The package is ideally suited...
Business Moves
Sep 5 2005 // State Fund’s Eureka Office Relocates State Compensation Insurance Fund’s Eureka Office has moved its operations to the Humboldt Bank Plaza located at 2440 Sixth Street in Eureka, California. State Fund’s...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
California Man Pleads Guilty
Sep 5 2005 // John Arcurio, of Fillmore, California, plead guilty June 22, to two felony counts of workers’ compensation fraud and insurance fraud. Arcurio was arrested in Kern County and transferred to the County of Ventura...
ACE’s U.S. Subsidiaries Upgraded
Sep 5 2005 // A.M. Best Co. upgraded the financial strength ratings to “A+” (superior) from “A” (excellent) and assigned issuer credit ratings of “aa-” to ACE Westchester Specialty Group,...
So. Calif. Quake Registers 4.8; No Injuries, Damages
Sep 1 2005 // People in a number of areas of Southern California, including over to San Diego, got a short jolt Thursday evening from a magnitude 4.8 earthquake, centered 26 miles north of Imperial County’s El Centro. The quake,...
GNW-Evergreen of Los Angeles Completes Phase 2 of Merger
Aug 31 2005 // Los Angeles, Calif.-based GNW-Evergreen Insurance Services LLC announced completion of phase 2 of its merger. The newly completed 20,000-square-foot state-of-the-art insurance facility in Encino, California will allow...
California’s State Fund to Disclose Broker Commissions to Policyholders
Aug 28 2005 // California’s State Compensation Insurance Fund announced that it will disclose broker commissions to policyholders beginning Oct. 1, 2005. Insurance quotes and terms letters will display the commission rate paid to...
