Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Alliant Resources Acquires Calif.-based Austin, Cooper & Price
Dec 20 2002 // Alliant Resources Group Inc. (Alliant), an insurance brokerage and financial services distribution company, announced the acquisition of Calif.-based Austin, Cooper & Price Insurance Agency Inc. (ACP). ACP is a...
West Covina, Calif. Ins. Agents Arrested for Grand Theft
Dec 20 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested two local insurance agents for selling bogus insurance policies. Jouly R. Kassis, 20, and Mike George Denno, 24,...
ABD Services Adds Two Calif. Firms to Employee Benefits
Dec 20 2002 // The Employee Benefits Division of ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, announces the recent acquisition of two prestigious employee benefits firms,...
Calif. Workers’ Comp Deductibles Not Subject to Premium Tax
Dec 19 2002 // The California Board of Equalization (BOE) ruled Dec. 18 that workers’ compensation deductibles are not subject to a proposed retroactive state premium tax. In an appeal brought by three companies, Employers...
UnionBanCal Corporation to Acquire John Burnham & Co.
Dec 19 2002 // UnionBanCal Corporation announced that its Union Bank of California, N.A., subsidiary has signed a definitive agreement to acquire San Diego-based John Burnham & Company, dba John Burnham Insurance Services, one of...
Calif. DOI’s Retroactive Tax Bad for Workers, Business, Alliance Says
Dec 18 2002 // The Alliance of American Insurers urged the California Board of Equalization (BOE) to overrule the state Department of Insurance’s (DOI) efforts to impose a retroactive premium tax upon companies writing...
21st Century Files Suit Relating to Fraudulent Claims
Dec 18 2002 // In response to a flood of insurance fraud relating to homeowners and earthquake insurance, 21st Century Insurance has filed a civil complaint against California-based Unlimited Adjusting Company and its principal Jung Ho...
Calif. Commissioner Implements Last-Minute Regs
Dec 16 2002 // With his term coming to an end, California Insurance Commissioner Harry Low has finalized some last-minute regulations in the Insurance Code before he hands over the reins to Commissioner-Elect John Garamendi. Some of the...
Auto Fraud Scheme Leads to Plea Bargain from Calif. Man
Dec 16 2002 // Keith Aaron Hayes, 49, a resident of Hacienda Heights, Calif., pled no contest to one count of auto insurance fraud and one count of capping on Nov. 13, 2002. The Los Angeles County District Attorney’s Office...
Anaheim, Calif. Agent Pleads Guilty to Grand Theft
Dec 13 2002 // Gary Stromme, 47, plead guilty to two felony counts of grand theft in Orange County Superior Court yesterday, the result of an investigation by the California Department of Insurance (CDI) Criminal Investigations...
Calif. Agents, Brokers to Comply with New Privacy Regs
Dec 13 2002 // The California Department of Insurance has announced that California agents must comply with new privacy regulations effective March 24, 2003. The new stipulations will unite the Gramm-Leach-Bliley Act (GLBA) with the...
Farmers, Mid-Century Ins. Co. Sue Calif. Body Shops for Fraud
Dec 11 2002 // Farmers Insurance Exchange and Mid-Century Insurance Company have begun serving civil summons and complaints upon an Oakland, Calif. body shop and a Ventura County, Calif. body shop, their owners, former Farmers employees...
Calif. Workers’ Comp Claims Examiner Arrested
Dec 10 2002 // Investigators with the California Department of Insurance (CDI), Criminal Investigations Branch’s Fraud Division arrested Elisa I. Guillermo, 38, of Concord, Calif., and her sister, Juliet I. Armstrong, 41, also of...
Hub International Finalizes So. Calif. Brokerage Acquisition
Dec 10 2002 // Hub International Limited reported that the previously announced agreement to purchase the stock of Hooper, Hayes & Associates, Inc. (Hooper), a Los Angeles-based insurance brokerage firm founded in 1946, and...
CDI Announces Toll-Free Telephone License Renewals
Dec 9 2002 // The California Department of Insurance (CDI) announced the addition of another method for California resident licensees to renew their licenses. CDI is now able to process renewals for its California resident licensees...
A.M. Best Assigns A- (Excellent) Rating to CEA
Dec 9 2002 // A.M. Best Co. has assigned an initial Financial Strength Rating of A- (Excellent) to the California Earthquake Authority. The rating reflects the unique role the CEA serves in ensuring that insurance coverage for losses...
Calif. Insurance Commissioner-Elect Creates Advisory Team
Dec 6 2002 // Calif. Insurance Commissioner-Elect John Garamendi announced the creation of two advisory teams to assist him during his transition in formulating solutions to California’s pressing insurance issues. One team will be...
Top 5 Reasons Calif. Homeowners Insurance Rates are Rising
Dec 6 2002 // Representatives from the Personal Insurance Federation of California (PIFC), the Association of California Insurance Companies (ACIC) and the American Insurance Association (AIA) recently announced the top five reasons...
Calif. Court of Appeals Overturns E&O Decision
Dec 3 2002 // In a significant victory for insurance agents and brokers, the Ninth Circuit Court of Appeals has overturned a lower court decision that had permitted an E&O insurer to deny coverage to an insurance broker by...
Acordia of Calif. Names Lucky Assistant VP for Wholesale P/C Sales
Dec 2 2002 // Evelyn Lucky has been named assistant vice president, Wholesale Property & Casualty Sales for Acordia of California. Based in San Francisco, Lucky is responsible for managing a team of three associates whose sales...
