Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Mercury General Corp. Announces Q2 Results
Jul 29 2003 // Los Angeles-based Mercury General Corporation reported that net income was $43.4 million, or $0.80 per share (diluted), in the second quarter 2003 compared with $1.3 million, or $0.02 per share (diluted), in the same...
Calif. Agent Charged with Grand Theft
Jul 28 2003 // Grand theft charges were filed against a licensed agent and owner of California-based SAAB Insurance Services. Irma Hernandez, 33, of Downey, was arrested and charged with two felony counts of grand theft and booked into...
Calif. Homeowners Emergency Regulation Adopted
Jul 28 2003 // The California Office of Administrative Law (OAL) last week approved the insurance department’s emergency regulation on homeowners insurance underwriting and rating. The regulation restricts insurers’...
New Calif. Law Firm Focuses on Workers’ Comp
Jul 25 2003 // McClellan & Corren, a new law office, has opened its doors this summer in San Francisco. Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and...
State Fund Issues 2002 Financials, Discusses Reserve Estimates
Jul 23 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...
Calif. Commissioner Enjoined from Implementing Flawed Fair Claims Settlement Practices Regs
Jul 23 2003 // Three statewide insurance trade associations won a preliminary ruling today by the Superior Court of California enjoining the California Department of Insurance from implementing a new set of amendments to the Fair Claims...
Calif. Commissioner Responds to State Fund Audit
Jul 23 2003 // California Insurance Commissioner John Garamendi released the following statement in response to State Compensation Insurance Fund’s recent audit: “Since taking office in January I have worked to address the...
Comm. Auto Comparative Rater Available Online from Superior Access
Jul 22 2003 // Irvine, Calif.-based Superior Access Insurance Services Inc. has announced the availability of its new Commercial Auto Comparative Rater for California agents. The current carriers participating in this exclusive on-line...
Agents Who Stick to a Plan Will Be Very Successful
Jul 21 2003 // In our continuing column on employee benefits, Insurance Journal senior writer Dave Thomas recently spoke with John Nelson, vice president of California-based Warner Pacific Insurance Services. John’s responses are...
Calif. Lawmakers Form Workers’ Comp Reform Committee
Jul 21 2003 // California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to...
Calif. Man Arrested for WC Fraud
Jul 21 2003 // CDI Fraud Division investigators, with the assistance of the Glendale Police Department, arrested Robert Galante, 45, of Simi Valley, on a felony warrant charging him with two counts of workers’ comp fraud. If...
ACIC Objects to California Homeowners Regulations
Jul 18 2003 // On July 15, the Association of California Insurance Companies (ACIC) filed objections to the California Office of Administrative Law (OAL) regarding a proposed emergency regulation that would impose restrictions on...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
Territorial Rating Back on Radar Screen in Calif., ACIC Says
Jul 15 2003 // The California Department of Insurance recently accepted a petition that would change how automobile insurance rates are set in California. The petition, proposed by consumer groups, would restrict the importance that...
AIA Responds to Calif. WC Reform Committee Announcement
Jul 14 2003 // In response to the recent decision to move all pending California workers’ compensation legislation to a Legislative Conference Committee that will consider broad reforms to the system, the American Insurance...
Calif. Trio Charged with 28 Counts of Auto Fraud
Jul 14 2003 // Three suspects were arrested and charged with 28 felony counts after an investigation by multiple agencies into a staged auto collision ring in the Los Angeles area, which cost insurance companies an estimated $1 million...
CompPartners to Offer HCO to First Health Clients in Calif.
Jul 11 2003 // Irvine, Calif.-based CompPartners has formed a business relationship with First Health Group Corp. to provide The First Health® Network to its workers’ compensation Health Care Organization (HCO) clients in...
SB 64 Poses Threat to Calif. Homeowners Market, Says AIA
Jul 10 2003 // A proposed bill severely restricting insurers’ ability to manage exposure and calculate risk would give homeowners insurers no option but to limit writing new coverage in California, the American Insurance...
SB 691 Fails in Calif. Assembly Ins. Committee, ACIC Pleased
Jul 10 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee July 9, legislation that would have banned the use of credit-based insurance scores for underwriting and rating homeowners insurance....
Calif. Lawmakers Form Workers’ Comp Reform Committee
Jul 10 2003 // California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to...
