Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Treasurer Calls for Sweeping Reforms at AIG
Apr 12 2005 // With the alleged fraud at giant insurer American International Group (AIG) resulting in losses to the State’s pension funds of more than $400 million since Feb. 14 when it was announced that AIG had received...
Poizner to run for Calif. Insurance Commissioner
Apr 8 2005 // High-tech entrepreneur Steve Poizner, who spent $6 million of his own money in an unsuccessful bid for the state Assembly last fall, withdrew his appointment April 6 from the Public Utilities Commission and instead...
Calif. Commissioner to Address Danger Uninsured Vehicles from Mexico Pose to Calif. Motorists
Apr 8 2005 // Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi announced Friday he will lead a delegation to Mexico on Monday to...
AIA Reports Being Pleased with New Direction of Calif. Homeowners Bill
Apr 8 2005 // A pending measure, once thought to be bad public policy by homeowners insurers, is moving in the right direction in California, according to the American Insurance Association (AIA). “During debate in the Senate...
Former Calif. Agent, Employee Nabbed in Scam
Apr 8 2005 // A former California insurance agent and her employee were arrested for allegedly stealing and not remitting premiums to insurance companies of more than $3,000 from victims purchasing automobile insurance policies. Yvette...
Dickstein Shapiro Opens California Office
Apr 7 2005 // All of the attorneys and staff from the Los Angeles-based law firm Pasich & Kornfeld, LLP will join Dickstein Shapiro Morin & Oshinsky LLP, creating an insurance coverage practice in the country and a West Coast...
Calif. Commissioner Approves -4.2% Rate Reduction for ‘Loyal’ State Farm Auto Customers
Apr 5 2005 // Insurance Commissioner John Garamendi has approved a -4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders. The...
CRM Achieves $50 Million Mark in Calif. Premiums
Apr 4 2005 // Compensation Risk Managers of California LLC (CRM) announced its written premiums in California have surpassed the $50 million mark. A national, full service program manager and administrator for approved, self-funded...
An Underinsurance Lesson from the West Coast
Apr 4 2005 // In the aftermath of the devastating Southern California Wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of...
CIGA EXEC. DIRECTOR TORETIRE:
Apr 4 2005 // The California Insurance Guarantee Association, an organization that pays the claims of insolvent insurance carriers, recently announced that Executive Director Lawrence Mulryan will retire after 13 years of service....
People & Places
Apr 4 2005 // Michael Moran Michael F. Moran has joined California-based wholesale broker Network E&S Insurance Brokers, LLC, as a partner and its chief operating officer. His immediate responsibility will be to establish and to...
Calif. Sweep Nets Four Fraud Suspects
Apr 4 2005 // Starting Feb. 24, investigators from the California Department of Insurance’s Fraud Division conducted joint operations in the Central Valley to execute outstanding arrest warrants. CDI partnered with the Fresno...
IBA West President Discusses Broker Disclosure, Work Comp Issues
Apr 4 2005 // Mark Wells, publisher of Insurance Journal, recently spoke to Stan Simpson, the newly elected president of the Insurance Agents and Brokers of the West and a principal at Buckman-Mitchell Inc., an independent agency in...
Court Upholds Industry Lawsuit: CDI’s Homeowners Regulations Illegal
Apr 4 2005 // Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little...
Homeowners Moving to the West Coast
Apr 4 2005 // Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will...
Record Rainfall Will Lead to a Flood of Litigation
Apr 4 2005 // As Los Angeles inches toward its highest annual rainfall total on record, the property damage left in the wake of the storms is devastating. All across the Southland, homes have toppled down hillsides as if they were toys....
Help Your Clients by Becoming a Small Business Advocate
Apr 4 2005 // One of the great things about being a commercial lines insurance agent is that you get to meet people and learn a little bit about a lot of businesses. This knowledge puts insurance agents in a unique position to represent...
Insurance Group Staying out of California Workers’ Comp Confirmation Fight
Apr 4 2005 // A major insurance industry group is staying out of the Senate confirmation fight over Gov. Schwarzenegger’s workers’ comp director, another possible indication the appointment could be in trouble. The...
Some 200 Insurance-Related Bills Introduced in California Legislature
Apr 4 2005 // About 200 insurance-related bills have been introduced in the California Legislature this session, according to The Association of California Insurance Companies. “We expect during the upcoming months that the issues...
Adjusters can Detect the Problem of Underinsurance Before Disaster Strikes
Apr 4 2005 // In the aftermath of the devastating Southern California wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of...
