Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Brothers and Employee Arrested in Alleged Felony Fraud Case
Aug 23 2004 // Brothers Sam Saeid Afghani, of Agoura Hills, Calif., and Siamac A. Afghani, of Calabasas, Calif., as well as employee Renee Laws, of Encino, Calif., were to be arraigned August 24 for their suspected roles in a fraud case...
Changing the Face of California’s Insurance Marketplace
Aug 23 2004 // IBA West’s O’Kane Reflects Back on 22-Year Tenure There are few people in the insurance industry that have truly made an impact on behalf of independent agents and brokers. Jerry O’Kane is one of those...
Bracing for the Worst: Industry Prepares for Another Wildfire Season
Aug 23 2004 // The fire season started early this year. Wildfires erupted all over California and in Nevada in mid-July, forcing thousands to evacuate and destroying several homes and outbuildings. Affected areas in California included...
Agents and Brokers Are Deserving of Fair Commissions
Aug 23 2004 // Employers would be far better served if the CDI focused on the reforms it helped enact rather than continue to cajole State Fund over commission levels. Recently the California Department of Insurance issued a report...
Hub International California Names New CEO
Aug 20 2004 // Hub International Limited announced the appointment of Kathy M. Quintana as president and chief executive officer of the company’s Los Angeles-based office, Hub International of California Inc. Quintana, who has been...
Calif. Professor Convicted in Staged Hate Crime Case
Aug 20 2004 // A Claremont McKenna College psychology professor was convicted Wednesday of falsely reporting her car was vandalized and spray-painted with racist and anti-Semitic slurs while she was speaking at a campus forum on racial...
ACIC Urges Governor to Sign Three Post-Fire Bills
Aug 19 2004 // The Association of California Insurance Companies (ACIC) today urged Gov. Arnold Schwarzenegger to sign into law three significant bills that respond to issues raised following last year’s Southern California...
Lloyd’s Opens West Coast Office in L.A.
Aug 17 2004 // Lloyd’s announced it is opening a West Coast office based in Los Angeles, whose principal goal will be to enhance the Lloyd’s trading platform in four Western States: California, Oregon, Washington and...
Monument LLC, Forms Cornerstone Comp to Serve Faith-based Schools
Aug 17 2004 // Monument LLC, a California-based design, implementation and management firm of self-insured workers’ compensation groups, announced that it has formed Cornerstone Comp Inc., a new, self-funded California-based...
Two Suspects Still at Large in California Contractor Bond Fraud Case
Aug 17 2004 // Authorities are seeking two men suspected of participating in a scam that used phony insurance certificates and fake contractor bonds to win bids on public works projects. Three other suspects have already been arrested...
S&P Report Warns on California Workers’ Compensation
Aug 16 2004 // Downward pricing pressures threaten to send the California workers’ compensation market into another tailspin, according to a new report from Standard & Poor’s Ratings Services. “The industry has...
All Risks Announces Acquisition of Dwyer & Assoc.
Aug 13 2004 // All Risks, LLC, a part of All Risks, Ltd., a national independent wholesale broker/ Managing General Agent headquartered in Baltimore, Maryland, announced the acquisition of Dwyer & Associates in Oakland, California...
ACIC Vows to Continue Fight Against SB 494
Aug 13 2004 // Following Assembly approval of SB 494, the Association of California Insurance Companies (ACIC) vowed to continue its fight against the bill – which would financially benefit trial lawyers at the expense of...
PAULA Financial Reports Net Income for 2Q 2004
Aug 13 2004 // Pasadena-based PAULA Financial announced net income for the second quarter of 2004 of $215,000, a 90 percent increase over net income of $113,000 for the 2003 period. Net income for the six months ended June 30, 2004 also...
Hull Offers New GL Product for California Custom Home Builders
Aug 12 2004 // Hull & Company announced a new GL product (Occurrence Form) for California Custom Home Builders. Domestic US Insurance Carrier – AM Best ‘A’ VIII Rated (E&S Paper) The target business is high...
Calif. Supreme Court Issues Major Ruling on Insurer Bad-Faith Claims
Aug 9 2004 // The California Supreme Court threw out a lower court ruling that had resulted in a multimillion-dollar damage award against an insurance company. The Association of California Insurance Companies (ACIC) had filed an amicus...
COMMISSIONER SAYS CALIF. WORK COMP RATES ARE GOING DOWN:
Aug 9 2004 // California Insurance Commissioner John Garamendi announced that workers’ compensation rate filings illustrate a downward trend, but still fall short of his pure premium rate advisory of minus 20.9 percent issued on...
Calif. State Fund Awarded $135,000
Aug 9 2004 // California’s State Compensation Insurance Fund will collect $135,000 in restitution from a San Diego County-based construction firm as part of the sentence in a workers’ compensation insurance fraud case. San...
California State Fund Fraud Program Nets $5 Million from Convictions
Aug 9 2004 // State Compensation Insurance Fund’s anti-fraud program has enabled California district attorneys to win more than $5 million in restitution orders. The restitution judgments are reportedly a direct result of 155...
ACIC Comments on Workers’ Comp Rates
Aug 6 2004 // Sam Sorich, president of the Association of California Insurance Companies (ACIC) issued a statement in response to calls for price controls on workers’ compensation insurance. “Now is not the time to...
