Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Allstate Foundation Establishes $1 Million Wildfire Relief Fund
Nov 10 2003 // The Allstate Foundation joined with The California Community Foundation (CCF) to establish a $1 million fund to aid in the recovery and rebuilding efforts in response to the Southern California wildfire...
Calif. Commissioner’s Revision to WC Advisory Rate Excessive, Premature, Says ACIC
Nov 10 2003 // California Insurance Commissioner John Garamendi’s recommendation for a 14.9 percent decrease in pure premium rates for workers’ compensation insurance is both excessive and premature, according to the...
III: Calif. Wildfires Worst Ever, Losses Expected to Exceed $2 Billion
Nov 10 2003 // Surveys of the insurance industry have confirmed a total of 7,260 claims filed from the Southern California firestorms as of 4 p.m., Wednesday, Nov. 5, according to the Insurance Information Institute. Reports of up to...
Panel Says Attracting Private Specialty Carriers to Calif. Will Stabilize WC Crisis
Nov 6 2003 // The California workers’ compensation system is broken with employers under immense financial strain due to continually rising premiums and employees feeling their legitimate claims being tarnished by the increasing...
Calif. Commissioner Allows Insurers to Expand Use of Adjusters for Wildfire Claims
Nov 6 2003 // Calif. Insurance Commissioner John Garamendi released the following statement declaring an Emergency Situation in Southern California due to the wildfires: “Due to the unprecedented destruction caused by Southern...
Mercury General Corp. Reports Q3 Financials
Nov 5 2003 // Calif.-based Mercury General Corporation reported that net income was $49.6 million, or $0.91 per share (diluted), in the third quarter 2003 compared with $18.5 million, or $0.34 per share (diluted), in the same period for...
CompManagement Inc. Announces Calif. Acquisition
Nov 5 2003 // CompManagement Inc. (CMI) announced the acquisition of Octagon Risk Services Inc. (Octagon) on Oct. 3, 2003. CMI now enters the western United States by acquiring the strongest regional claims management firm in...
Calif. Workplace Fatalities Decline by 8% in 2002
Nov 3 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
Calif. Insurance Council Raises $540K for City of Hope
Nov 3 2003 // The California Insurance Council, a group of insurance industry leaders dedicated to supporting the lifesaving research and treatment programs at City of Hope Cancer Center, raised $540,000 during the group’s annual...
Southern California Wildfires Ravage Hundreds of Homes, Property
Nov 3 2003 // Hundreds of homes in Southern California blazed recently as firefighters worked round the clock to contain the out- of-control wildfires that plagued parts of San Bernardino, San Diego, Ventura, and Los Angeles counties....
French Government Gets Another Month to Reach a Settlement in ELIC Case
Nov 3 2003 // Oct. 27 was supposed to be the “day of decision” for the French Government to sign (or not sign) the agreement, reached between the U.S. Attorney General’s (AG) Office in Los Angeles and representatives...
FARMERS RECEIVES APPROVAL FOR LOWER RATES FOR CALIF. HOMEOWNERS:
Nov 3 2003 // The Farmers Insurance Group® of Companies announced it has received approval for a rate reduction from the California Department of Insurance on homeowners business in the state of California. Beginning with renewals...
Calif. Trio Pleads Guilty to Scheme
Nov 3 2003 // Three men pleaded guilty to multiple felony counts on Sept. 10 involving an automobile insurance fraud scam that was exposed during a three-year joint investigation by CDI, California Highway Patrol, National Insurance...
Stretching Your Budget with “On-Call” Tech Professionals
Nov 3 2003 // One of the decisions that any agency principal faces sooner or later is “How much technological expertise do I need in house?” In an ideal world, you would have a network specialist, an information technology...
The Garamendi Plan: Workers’ Compensation Reform Phase II
Nov 3 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Calif. Congressman Helps Put Schwarzenegger on the Right Path
Nov 3 2003 // alifornia Congressman David Dreier (R- San Dimas) is just a little busy these days. Along with representing Californians in the 26th District and being unanimously selected in 2001 by his California colleagues to chair the...
Calif. Commissioner Creates Task Force to Protect Wildfire Victims
Oct 31 2003 // Insurance Commissioner John Garamendi launched two major efforts by the California Department of Insurance (CDI) to protect and aid victims of the Southern California wildfires. Noting that insurance fraud soars after...
Claims Update on Southern California Brushfires from IINC
Oct 30 2003 // Candysse Miller, executive director of the Insurance Information Network of California (IINC), released the following statement regarding claims on the Southern California brushfires: “Our surveys of the insurance...
Insurance to Cover Most Damage from Calif. Wildfires; ACIC Offering Claims Filing Tips
Oct 29 2003 // Most of the damage from the rash of wildfires ravaging Southern California will be covered under property owners’ homeowners and fire insurance policies, according to the Association of California Insurance Companies...
