Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
PAULA Financial Reports Net Income for 2ndQ 2003
Aug 26 2003 // Pasadena, Calif.-based PAULA Financial announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million...
Trade Associations Prevail in Lawsuit Challenging Calif. Homeowners Emergency Regs
Aug 26 2003 // Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI)...
Alliance Reacts to Calif. Privacy ‘Truce’
Aug 25 2003 // A truce seems to have been reached in the long-running battle over privacy legislation in California, according to the Alliance of American Insurers. “There is good news and bad news from Sacramento,” said Rey...
Simon Departs Calif. Gubernatorial Recall Race
Aug 25 2003 // Californians going to the polls on Oct. 7 will have one less Republican choice in the race to recall Gov. Gray Davis and elect a never governor. On Saturday morning, Republican candidate Bill Simon departed the race,...
Calif. Commissioner Announces New Emergency Regs for Homeowners
Aug 22 2003 // Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his...
Former Calif. Broker Arrested on 10 Counts
Aug 20 2003 // A former insurance broker has been arrested on nine felony counts of grand theft and one felony count of forgery totaling $73,990, according to California Department of Insurance (CDI) investigators. Ronald Nhi Bang, 34,...
ACIC Opposes Calif. Privacy Legislation
Aug 20 2003 // Financial privacy legislation swiftly passed the California Assembly Aug. 18 and the Senate Aug. 19, and Senate Bill 1 is expected to reach Gov. Gray Davis’ desk for his signature Aug. 20. “Uniform privacy...
CWCI Debuts Online Data on Calif. Workers’ Comp
Aug 19 2003 // The California Workers’ Compensation Institute (CWCI) announced that it has published an updated compendium of general facts, information and updated graphics about California workers’ compensation, which is...
Calif. Gov. Supports Speier’s SB1
Aug 18 2003 // California Governor Gray Davis made the following statement on privacy legislation in light of the upcoming deadline for passage of SB1 the financial privacy measure sponsored by Senator Jackie Speier: “I have been...
Pitfalls to Avoid in Running a Captive Premium Finance Company
Aug 18 2003 // This is the third and final part in a series of articles discussing captive premium financing. The decision has been made to form a captive premium finance company. The method in which you plan to run your operation has...
Uninsured Drivers Travel Under the Radar
Aug 18 2003 // Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty how many uninsured drivers there are on the...
Fed. Judge Defers Decision Until Aug. 25 on Injunction Sought by Intellectual Property Suit
Aug 15 2003 // A federal judge on Thursday deferred until Aug. 25 a decision on whether to issue an injunction against San Diego-based Arrowhead General Insurance Agency Inc.’s use of certain computer software. The deferral of...
Work Comp, Privacy Most Prominent Issues in Calif. Legislature
Aug 11 2003 // Several bills of interest to the California property/casualty insurance industry – including proposals to reform the workers’ compensation system and address privacy issues – are pending on the Senate and...
Garamendi Drops Out of Calif. Governor Race
Aug 11 2003 // California Insurance Commissioner John Garamendi announced he has dropped out of the race for Governor Aug. 9. Garamendi bowed out under intense pressure from union leaders and fellow Democrats, the Los Angeles Times...
Garamendi Announces Candidacy for Calif. Governor
Aug 7 2003 // California Insurance Commissioner John Garamendi held a press conference Aug. 7 announcing his candidacy for Governor of California. Garamendi enters the race alongside Republican Arnold Schwarzenegger and Democrat...
Brooke Corporation Opens California Office
Aug 6 2003 // Brooke Corporation announced that its franchise subsidiary, Brooke Franchise Corporation, has opened a California Regional office in Sacramento to attract and support entrepreneurs who seek to act as independent business...
Calif. Gov. Signs Bill Allowing Driver Discounts
Aug 5 2003 // Gov. Gray Davis signed SB 841 Aug. 2, which will allow discounts to drivers who maintain auto insurance coverage, according to the Associated Press. The measure could reportedly lead to higher premiums if drivers let their...
BILL BANNING INSURANCE SCORES FAILS IN CALIF. ASSEMBLY COMM.
Aug 4 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee recently, legislation that would have reportedly banned the use of credit-based insurance scores for underwriting and rating homeowners...
City of Hope Swings Into Action Aug. 11
Aug 4 2003 // In 1988, the mother of Lou Jones, owner of surety bond brokerage Lou Jones & Associates, was successfully treated for throat cancer at City of Hope Cancer Center, located just east of Pasadena, Calif. Lou was so...
State Fund Issues 2002 Financials; Discusses Reserve Estimates
Aug 4 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
