Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
Group Urges Calif., N.Y. Regulators to Probe Broker Practices
Feb 11 2004 // A conservative legal group has called for insurance regulators and attorneys general in California and New York to investigate conflicts of interest they say are caused by placement service agreements (PSAs) and the...
CDI Awards Experior Examination Development Contract
Feb 9 2004 // Experior Assessments, LLC announced that the California Department of Insurance (CDI) has awarded Experior a multi-year contract for the development of California’s insurance licensing examinations. “We are...
U.S. Senate Majority Leader Optimistic as 2004 Unfolds
Feb 9 2004 // He came to Washington, D.C., with a background steeped in medicine. U.S. Senate Majority Leader and Tennessee Republican Bill Frist has known first-hand the impact of the nation’s medical malpractice crisis and how...
Spotlight on Colorado
Feb 9 2004 // I recently had the opportunity to interview Colorado Commissioner Doug Dean to discuss the most prominent issues facing the Colorado insurance market. While Colorado may not be the hotbed of insurance maladies (like, say,...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
CWCI STUDY EXAMINES EVIDENCE-BASED MEDICINE IN WORKERS’ COMP:
Feb 9 2004 // The California Workers’ Compensation Institute has issued a new study examining the development and history of evidence-based medicine (EBM) as a tool for assuring appropriate, quality medical care, and its potential...
Faked Death Gets Fraud Conviction
Feb 9 2004 // Nev. Attorney General Brian Sandoval announced that District Judge Donald M. Mosley sentenced Purificacion Lobitos, age 56, to a maximum term of 32 months with a minimum term of 12 months in the Nevada Department of...
