Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Applicant Attorneys Attack Workers’ Compensation Reforms
Jun 23 2004 // Applicant attorneys, who have been lining their pockets with profits by abusing California’s workers’ compensation system, do not want to see their gravy train end so they are working to undermine the recently...
ACIC Opposes Rate Regulation Bill
Jun 22 2004 // The Association of California Insurance Companies (ACIC) is opposed to legislation that would establish a mandated rate regulation system for workers’ compensation insurance companies. “The bill would force...
Association Awards Golden Torch to IJ’s Publisher
Jun 22 2004 // Mark Wells, editor and publisher of Insurance Journal and InsuranceJournal.com and CEO of Wells Publishing Inc., has been awarded the Insurance Marketing Communications Association’s (IMCA) 2004 Golden Torch Award...
Association Awards Golden Torch to Insurance Journal’s Publisher
Jun 22 2004 // Mark Wells, editor and publisher of Insurance Journal and InsuranceJournal.com, and CEO of Wells Publishing Inc., has been awarded the Insurance Marketing Communications Association’s (IMCA) 2004 Golden Torch Award....
CDI RECEIVES $110M ON BEHALF OF EXECUTIVE LIFE POLICYHOLDERS:
Jun 21 2004 // The California Department of Insurance announced it has received $110 million on behalf of California policyholders of insurance sold by Executive Life Insurance Company (ELIC) and its 330,000 former policyholders. The...
Former Broker Arrested in $4M Fraud Scam
Jun 21 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance policies...
California Court Ruling Undermines Insurance Commissioner’s Authority
Jun 21 2004 // A ruling by the California Court of Appeals undermines state regulation and the authority of the insurance commissioner by essentially declaring rate filings approved by the Department of Insurance as invalid according to...
People and Places
Jun 21 2004 // Pete Brown Concord, Calif.-based Jenkins Athens Group has named Pete Brown to its board of directors. Brown, the company’s former president, founded Athens Administrators in 1976 as a wholly-owned subsidiary of...
Fire Insurance Bills Advance In Calif. Legislature
Jun 18 2004 // Prompted by last year’s devastating firestorms, insurance-related bills that would help future disaster victims are gaining momentum as they move through the Legislature, reports the Association of California...
Everest Re Responds to Questions Concerning California Workers Comp Business with AARIS
Jun 17 2004 // The Barbados-based Everest Re Group, Ltd. has taken the relatively unusual step of issuing a press bulletin concerning its business relations with California workers comp insurer American All Risk Insurance Services, Inc....
SB 1315 Would Leave Calif. Consumers Without Insurance Coverage
Jun 17 2004 // Senate-passed legislation pending before a key Assembly committee is unconstitutional and would, if enacted, leave consumers without insurance coverage, according to the Association of California Insurance Companies...
California Court Ruling Undermines Insurance Commissioner’s Authority
Jun 14 2004 // A ruling by the California Court of Appeals undermines state regulation and the authority of the insurance commissioner by essentially declaring rate filings approved by the Department of Insurance as invalid according to...
CIWA Annual Meeting Provides CE for Attendees
Jun 14 2004 // The California Insurance Wholesalers Association’s Annual Meeting to be held this week on June 17-18 in San Francisco at the Pan Pacific Hotel will also provide an exclusive continuing education presentation on the...
Sixth Defendant Involved in ‘Executive Life Affair’ Pleads Guilty to Deceiving Federal Regulators
Jun 10 2004 // A chartered accountant based in Paris pleaded guilty this week to aiding and abetting the concealment of material facts from the Federal Reserve Bank as part of a scheme that helped Credit Lyonnais illegally take over a...
ACIC Opposes Guarantee Fund Bill
Jun 10 2004 // The Association of California Insurance Companies (ACIC) is opposed to legislation that would retroactively make California consumers pay for faltering self-insurance programs instituted by school districts. The bill is...
Paiva Named Senior Legislative Advocate for PIFC
Jun 9 2004 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC) announced that Michael A. Paiva has joined PIFC as Senior Legislative Advocate, effective immediately. “Mr. Paiva has a wealth of...
Employers Direct Lowers Workers’ Comp Rates Again
Jun 8 2004 // Employers Direct Insurance Company (EDIC) announced another round of workers’ compensation rate reductions for California employers, bringing the total decrease to 20.9 percent from a year ago. The latest rate...
One-on-One with NIIA’s President Rick Aniello
Jun 7 2004 // Medical malpractice is hot on the list of concerns for Nevada’s independent agents, and the state as a whole. With physicians leaving the state due to the lack of affordable med-mal coverage, the crisis has caught...
Workers’ Compensation Legislative Reforms in California
Jun 7 2004 // Avoiding the Trap of Failed Promises After four months of debate and intense pressure from the business community, the California Legislature and Governor Arnold Schwarzenegger approved a comprehensive workers’...
Could the California Wildfires Have Been Predicted’
Jun 7 2004 // Lessons for Agents and Insurers In late October 2003, major wildfires broke out in five southern California counties, burning more than 750,000 acres, or an area the size of Rhode Island. These devastating fires burned for...
