Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Bradley Poe
Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Fire Season 2005: Protect Your Clients from Wildfire Dangers
Jun 6 2005 // California and its Western counterparts are just beginning to enter the 2005 wildfire season, and as usual, fire risk is extremely high. Are your clients prepared to protect their homes and property from the potential...
Former California Broker Goes to Jail
Jun 6 2005 // Former Vallejo insurance broker Jimmie Earl Jackson, who pled guilty to felony grand theft in Solano County Superior Court May 5, was sentenced to 180 days in County Jail and ordered to serve three years of formal...
For Boat Owners and the Agents Who Write Them, Location and Experience Matter
Jun 6 2005 // There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since...
AIA Comments on Calif. Workers’ Comp Rate Decrease; Bill to Regulate Rates
Jun 2 2005 // A day after the California Senate gave the go-ahead for a bill to regulate workers’ compensation rates, Insurance Commissioner John Garamendi (D) has recommended that insurers base premiums on a decreased pure...
Garamendi Calls for 18% Decrease in Work Comp Pure Premium Rate
Jun 1 2005 // California Insurance Commissioner John Garamendi called for an 18 percent decrease in workers’ compensation pure premium rates and issued the following statement on June 1: “The historic workers’...
ACIC President Responds to Calif. Commissioner’s Comp Rate Cut
Jun 1 2005 // The Association of California Insurance Companies’ President Sam Sorich made the following statement in response to California Insurance Commissioner’s recommended workers’ compensation rate reduction of...
Calif. State Fund Files an Average 14% Rate Decrease
Jun 1 2005 // State Compensation Insurance Fund has filed an average collectible rate decrease of 14 percent on new and renewal workers’ compensation policies with an effective date on or after July 1, 2005. The filing includes a...
Zenith Files 12% Reduction in Its Calif. Workers’ Comp Rates
May 31 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...
Leaders Come Together to Discuss Future of Terrorism Insurance June 20
May 30 2005 // Leaders from the public and private sectors from throughout the nation will take part in the National Symposium on the Future of Terrorism Risk Insurance on the campus of the University of Southern California on June 20,...
AIA Opposes California Bill to Limit Home Inventories
May 26 2005 // A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will invite padding of claims and raise costs for all...
Calif. Senate Passes Bill to Help Homeowners Following Disasters
May 25 2005 // Insurance companies would be required to pay living expenses for two years instead of one for homeowners who lose their houses in fires or other natural disasters under a bill approved Monday by the state Senate. The bill,...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
May 25 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Calif. Broker Arrested on Seven Counts of Grand Theft
May 23 2005 // Insurance broker Robert Stephen Rice was arrested on seven felony counts of grand theft at his home in Thousand Oaks, California, by the CDI Fraud Division. The arrest is the result of an investigation by CDI. The Van Nuys...
Former California State Fund President Webb Passes Away
May 23 2005 // Former State Fund President Jack Webb, one of the most influential and colorful figures in the 91-year history of California’s workers’ compensation insurance system, died May 2, 2005. Webb had been undergoing...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...
National Workers’ Comp Combined Ratio Best Since 1997
May 23 2005 // The nationwide workers’ compensation calendar year combined ratio for 2004 dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s preliminary...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
