Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
Insurance Rates Spike in California, Study Shows
Mar 18 2004 // Californians paid more for health insurance from their employers in 2003 than workers in any other state, according to a study released March 16. Insurance premiums rose 15.8 percent last year, the biggest increase in four...
Calif. Agent Pleads Guilty to Selling Phony Policies
Mar 18 2004 // California Department of Insurance (CDI) investigators are seeking additional victims in the case of a West Sacramento insurance agent/broker who sold phony policies to more than two dozen construction firms, bilking them...
Calif. Commissioner Says Insurers Could Live with Some Rate Regulation
Mar 18 2004 // Calif. Insurance Commissioner John Garamendi, in an apparent change in direction, said recently that California could regulate workers’ compensation insurance rates in a way that wouldn’t discourage insurers...
Calif. Commissioner Warns Workers’ Comp Savings Could Vanish
Mar 16 2004 // The billions of dollars in savings from last year’s workers’ compensation reform legislation will never fully materialize unless lawmakers pass important “cleanup” measures to fine tune the new...
ACIC Comments on Calif. Workers’ Comp Cost Information
Mar 12 2004 // The following is a statement by Sam Sorich, president of the Association of California Insurance Companies (ACIC): Information released by the Workers’ Compensation Insurance Rating Bureau of California is being...
Calif. Commissioner Wants to Lure Insurers Back to State
Mar 12 2004 // Continuing his push to reform the state’s broken workers’ compensation system, Calif. Insurance Commissioner John Garamendi will travel to New York to meet with executives of some of the country’s largest...
Gibson Appointed Vice President of AIA Western Region
Mar 11 2004 // The American Insurance Association (AIA) announced today that Kenneth L. Gibson has been appointed vice president of the association’s Western region, based in Sacramento. Gibson will oversee all of AIA’s state...
Alliant Resources Group Acquires Calif.-based Strategic HR Services
Mar 11 2004 // Alliant Resources Group Inc. (Alliant), an insurance brokerage and financial services distribution company, announced the acquisition of Calif.-based Strategic HR Services. Founded in 1995 by Lynda Lane, Strategic HR...
Calif. Speier Bill Would Close Loopholes in Proof of Auto Insurance Law
Mar 10 2004 // Senator Jackie Speier (D-San Francisco/San Mateo) has introduced SB 1500, a bill to close loopholes in the state’s proof of auto insurance law. “People can buy auto insurance, get their vehicle registration...
SCPIE Holdings Announces 2003 4thQ, Year-End Results
Mar 9 2004 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its fourth quarter and full year ended Dec. 31, 2003. The company also announced that its Board of Directors has...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
Workers’ Comp Chief Concern of Most Calif. Small Business Owners
Mar 8 2004 // While the state’s economic recovery has not yet reached every part of the business spectrum, 72 percent of California small business owners polled are expecting 2004 to be an overall better year than 2003, according...
Acordia Names Kevin Eggleston to Lead Hospitality Unit in California
Mar 8 2004 // Acordia of California Insurance Services Inc. has hired Kevin Eggleston, Senior Vice President, to lead “Acordia Hospitality,” a business unit dedicated to the insurance and risk management needs of the lodging...
Calif. Attorney Sentenced in Alleged Auto Fraud Ring
Mar 5 2004 // A five-year undercover investigation into a staged auto collision ring came to a conclusion Friday with the sentencing of the final attorney implicated by the joint efforts of the California Department of Insurance (CDI)...
PIFC Adds NAMIC to Membership
Mar 4 2004 // The Personal Insurance Federation of California (PIFC) announced that the National Association of Mutual Insurance Companies (NAMIC) has been unanimously approved by the PIFC Board of Directors to become the newest...
ACIC Examines Calif. Workers’ Comp Issues
Mar 3 2004 // While the California Legislature continues to debate the issue of workers’ compensation reform, The Association of California Insurance Companies (ACIC) has developed an issues paper that addresses the major...
Calif. State Fund Financial Picture Improves
Mar 2 2004 // State Compensation Insurance Fund filed its Annual Statement for the year ending Dec. 31, 2003 with the California Department of Insurance today, showing total assets of $15.287 billion (including long term investments of...
Market Analyst Summarizes Calif. Results in 2002 NAIC Report on W.C. Profitability
Mar 1 2004 // In late January 2004, the National Association of Insurance Commissioners (NAIC) released its “Report on Profitability by Line by State” for 2002. The NAIC report provides complete, direct income statement data...
AIA Says Calif. Applicant Attorneys’ Deceptive Claims About Insurer Profits is Pure Spin
Feb 27 2004 // As the California legislature prepares to act on Governor Schwarzenegger’s proposed overhaul of the state’s expensive, dysfunctional workers’ compensation system, the special interest group with the most...
