Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AIA: CAAA LAWSUIT WILL UNDERMINE WORKERS’ COMP REFORMS:
Dec 6 2004 // The American Insurance Association (AIA) issued a statement in response to the lawsuit filed by the California Applicant Attorneys Association (CAAA) challenging the regulations regarding Medical Provider Networks (MPNs)...
OTHER STATES COULD RECONSIDER ANTHEM MERGER:
Dec 6 2004 // Georgia and West Virginia may reconsider their approval of the Anthem Inc./WellPoint merger, after learning about California’s $265 million concessions package. Seven other states, plus Puerto Rico, may decide to...
CRM Names Walczyk as COO
Dec 2 2004 // Irvine, Calif.-based Risk Managers of California, LLC (CRM) announced the appointment of a new chief operating officer. Chet Walczyk, a veteran workers’ compensation insurance executive with more than 25 years of...
Tevis Insurance Files with CDI for License to Sell Workers’ Comp in California
Dec 2 2004 // San Francisco-based Tevis Insurance Company announced that it has filed an application with the California Department of Insurance to become a new workers’ compensation insurance carrier. The application will be...
$126M Ga. Agreement Could Pave Way for Anthem-WellPoint Merger
Nov 30 2004 // Georgia Insurance Commissioner John Oxendine and Anthem Inc. have reached an agreement in which Anthem will pledge $126 million to improve rural health care for the poor in Georgia – in return, Oxendine agreed to...
Calif. Commissioner Reacts to Latest Workers’ Comp Rate Filing From the SCIF
Nov 30 2004 // Since July 2003 California Insurance Commissioner John Garamendi has reduced the state’s pure premium advisory rate by 22.6%. This includes his most recent recommendation of Nov. 17, when he lowered the rate by 2.2%....
California’s SCIF Files an Average 5% Rate Decrease
Nov 29 2004 // State Compensation Insurance Fund announced it has filed with the California Department of Insurance an average rate decrease of 5 percent on new and renewal workers’ compensation policies with renewal dates on or...
American Agents Alliance Welcomes Nigohosian as New Executive Director
Nov 29 2004 // The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. Nigohosian was chosen from among a pool of the insurance industry’s best...
Lockyer Subpoenas Safeco Corp.
Nov 24 2004 // California Attorney General Bill Lockyer subpoenaed Seattle-based property/casualty insurer Safeco Corp. in connection with his investigation into bid rigging and price fixing in the insurance industry, according to...
Paletta Joins Heffernan Insurance Brokers as Producer
Nov 23 2004 // Heffernan Insurance Brokers announced the appointment of Marc Paletta as a producer in its Walnut Creek office. He will focus on employee benefits business development for mid-sized businesses in and around the Bay...
Average Cost of Household Water Damage Still Climbing Despite Drop in Claims
Nov 23 2004 // It may be sunny outside, but water continues to cause nearly a half-billion dollars of insured damage inside California homes each year. A continuing study by the Insurance Information Network of California (IINC) found...
ANTHEM, WELLPOINT GET MERGER APPROVAL FROM CDI:
Nov 22 2004 // Anthem Inc. and WellPoint Health Networks Inc. announced that John Garamendi, Commissioner of the California Department of Insurance (CDI), has granted his approval for their pending merger. In July of this year, the...
Calif. Commissioner Files Suit Against ULR and Insurers
Nov 18 2004 // Commissioner John Garamendi on Thursday announced a major lawsuit against Universal Life Resources of San Diego and four major insurers accused of hiding millions of dollars in secret commissions. During a news conference...
California Pair Sentenced for Workers’ Comp Fraud
Nov 17 2004 // An Inyokern, Calif. couple who reportedly bilked the workers’ compensation system out of more than $76,000 in a disability scheme was sentenced to prison Nov. 16 on the charges and ordered to pay $102,706 in...
ADR, Fiserv FSC Announce Integrated Motor Vehicle Record Reports in California and Arizona
Nov 17 2004 // American Driving Records (ADR), a wholly-owned subsidiary of First Advantage Corporation and Fiserv FSC Inc. announced the launch of a new software interface that will allow California and Arizona insurance agents to order...
Garamendi Recommends 2.2 Percent Reduction in Workers’ Comp Pure Premium Rates
Nov 17 2004 // California Insurance Commissioner John Garamendi called for a 2.2 percent reduction pure premium rates for workers’ compensation insurance in a Nov. 17 conference call to the media. “My current advice to the...
CRM Offers New Workers’ Comp Program for California Health Care Workers
Nov 16 2004 // In an effort to help alleviate the shortage of affordable workers’ compensation insurance for California’s sizable health care industry workforce, Compensation Risk Managers (CRM) has begun offering coverage to...
Brown & Riding Opens Office in Woodland Hills
Nov 15 2004 // Brown & Riding Insurance Services announced the opening of new offices in Woodland Hills, California, the firm’s third office location. The new office, located in the San Fernando Valley northwest of downtown...
Calif. CPCU Chapter Volunteers Feed the Hungry
Nov 15 2004 // On Oct. 16, 12 volunteers from the Los Angeles and El Camino CPCU Chapters, some accompanied by family members, met at the Los Angeles Regional Foodbank to make Senior Food Packages and to separate donated food items for...
California Leads the Nation in Auto Theft Rates for 2003
Nov 15 2004 // The National Insurance Crime Bureau (NICB) reported that for calendar year 2003, car thieves were most active in California. Six of the nation’s ten hottest spots for vehicle theft rates are in California, while the...
