Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
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...
