Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Commissioner Applauds Vargas’ Workers’ Comp Reform Bill
Feb 27 2004 // Calling it California’s best hope for a comprehensive solution to the workers’ compensation crisis, Assemblyman Juan Vargas (D-San Diego), and California Insurance Commissioner John Garamendi announced the...
American Wholesale Insurance Group Forms San Francisco Brokerage Operation
Feb 27 2004 // American Wholesale Insurance Group, the nation’s largest independent wholesale insurance broker, announces the formation of a new wholesale brokerage operation in San Francisco, California to be led by Roger...
State Fund Awarded $800,000 in Workers’ Comp Fraud Case
Feb 27 2004 // State Compensation Insurance Fund will collect $800,000 in restitution from two former owners of a San Diego County-based construction company. This award followed their guilty plea on felony workers’ compensation...
Fireman’s Fund Receives High Marks For Its Privacy Practices
Feb 26 2004 // The Consumer Federation of California (CFC), a leading nonprofit consumer advocacy group, has awarded Fireman’s Fund Insurance Company an A- for its privacy policy, the highest grade assigned to any property and...
ClearComp Seminars Offer Employers Strategies for Dealing with Calif.’s Workers’ Comp Crisis
Feb 25 2004 // ClearComp, an employer advocate based in Woodland Hills, California, is sponsoring a series of seminars designed specifically to address the needs of California’s beleaguered employers. Each of these Giant Seminars,...
Majority of Calif. Wildfire Claims Resolved, Says IINC
Feb 24 2004 // A new insurer survey estimates that roughly three-quarters of claims stemming from the devastating October wildfires have been resolved. A poll by the Insurance Information Network of California of insurers representing...
Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Natural Disasters More Severe and More Costly
Feb 23 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Manning Riddell Sued Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Calif. Commissioner Unveils Workers’ Comp Reform Legislative Package
Feb 23 2004 // California Insurance Comm-issioner John Garamendi unveiled his new workers’ compensation reform package Feb. 10. His proposal aims to bridge the gap between labor and business interests and provide a solid framework...
IBA WEST MEMBERSHIP APPROVES 2004 RESOLUTIONS:
Feb 23 2004 // Members of the Independent Brokers and Agents of the West approved eight resolutions at the recent 2004 Installation of Officers and Directors and Annual Meeting in Los Angeles. The first resolution urged the Legislature...
Five Monterey County Shop Owners Arrested in Auto Fraud Ring
Feb 23 2004 // Monterey County Sheriff’s Department arrested five businesses in one of the largest undercover insurance fraud sting operations in the history of Monterey County. Arrested were: 40-year-old David Alan Long, owner of...
When is ‘Enough’ Insurance Enough’ A Practical Approach for Brokers
Feb 23 2004 // There is a way to give your client some idea of the potential liability risk that he or she is taking on. A firestorm destroys a subdivision. A neighbor’s child accidentally drowns in an uncovered swimming pool. A...
New Calif. Law Brings Millions to the Unclaimed Property Program
Feb 20 2004 // California State Controller Steve Westly announced the Controller’s Office collected $67 million in unclaimed insurance company stock and cash proceeds belonging to countless Californians. Beginning immediately,...
Professional Claims Services to Handle Claims for New Calif. Workers’ Comp Program
Feb 19 2004 // Poway, Calif.-based claims administrator Professional Claims Services Inc. will be handling all claims for a new workers’ compensation program being sold in California by Cascade National Insurance Company of...
Insurance Skills Center Moves Northern California Office
Feb 16 2004 // Insurance Skills Center has moved their Northern California office from Oakland to San Francisco effective immediately. The new address is: 505 Montgomery Street, 11th Floor San Francisco, Calif. 94111 Phone: (415)...
Frontenac Acquires Calif. MGU
Feb 13 2004 // Chicago-based private equity investment firm Frontenac Co. LLC announced that it has acquired a majority interest in WNC Insurance Services, based in South Pasadena, Calif. WNC, a managing general underwriter (MGU), is a...
Calif.-based Med-Mal Agency Changes Name
Feb 12 2004 // Laguna Hills, Calif.-based The Doctors Insurance Agency representing The Doctors Company (TDC), the nation’s largest doctor-owned professional liability insurance company, has announced the changing of its name from...
ACIC’s Fuller Comments on Workers’ Comp Reform
Feb 12 2004 // Jeffrey Fuller, executive vice president and general counsel for the Association of California Insurance Companies, released the following statement in regarding workers’ compensation reform: In 2003, the legislature...
California StoneGate and Heffernan Insurance Brokers to Merge
Feb 11 2004 // On Jan. 15, 2004, Tom Hebson, vice president and CFO of California StoneGate Insurance Services and F. Mike Heffernan, president of Heffernan Insurance Brokers, signed a letter of intent for a proposed merger between the...
