Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
Calif. Commissioner Announces Legislation Requiring Insurers to Invest in Underserved Communities
Mar 31 2005 // California Insurance Commissioner John Garamendi and Assembly member Mark Ridley-Thomas (D-Los Angeles) introduced AB 925, a new piece of legislation that would require insurers to make investments in low- and...
Calif. Consumer Advocate Rosenfield Urges Mass. to Repeal No-Fault, Make Other Auto Changes
Mar 29 2005 // Massachusetts should repeal its no-fault law, end its reliance on uniform state-set rates, and remove the state antitrust exemption for auto insurers if it wants to improve its auto insurance system for consumers. That...
Calif. Insurance Critic to Take On Mass. Auto
Mar 28 2005 // Nationally recognized insurance reformer and Massachusetts native Harvey Rosenfield will return to his home state Tuesday, March 29 to unveil a report he says shows how much more Massachusetts drivers pay for auto...
WCIRB Proposes 10.4 Percent Decrease in Pure Premium Rates
Mar 28 2005 // On March 25, 2005, the WCIRB submitted a filing to the California Insurance Commissioner recommending a 10.4 percent decrease in advisory pure premium rates effective July 1, 2005 on new and renewal policies. The proposed...
