Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Greater Bay Bancorp, ABD Announce Merger Agreement
Dec 20 2001 // Greater Bay Bancorp, a $7.5 billion in assets financial services holding company, and ABD Insurance and Financial Services Inc., announced today the signing of a definitive agreement for the acquisition of ABD by Greater...
SEIU Endorses Calderon for Insurance Commissioner
Dec 19 2001 // Assembly Insurance Chair Thomas M. Calderon won the support of the California State Council of the Service Employees International Union (SEIU) in his bid to win next year’s California Insurance Commissioner...
Calif. Fund Pays More than $11M in Defaulted Workers’ Comp Claims
Dec 14 2001 // California Department of Industrial Relations Director Stephen Smith has ordered the state’s Self Insurers’ Security Fund to take charge of payment of HomeBase Inc. and San Francisco French Bread Company...
CEA Celebrates Five Year Anniversary
Dec 14 2001 // The California Earthquake Authority (CEA) announced it is celebrating its five-year anniversary, having recently surpassed the $1 billion milestone for cash reserves. Back in December 1996, the CEA began providing...
Kinney Elected as PIFC Chairman of the Board
Dec 13 2001 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-public policy for State Farm Insurance Companies, was elected Chairman of the...
Calif. Thieves Prefer a Toyota or Honda
Dec 13 2001 // In a report released by the National Insurance Crime Bureau, thieves in California’s urban areas prefer Toyota Camrys and Honda Accords, mirroring a national trend. But in rural and border regions, pickup trucks and...
Calco Insurance Brokers and Agents Purchased
Dec 13 2001 // Donald D. Fey, president of Calco Insurance Brokers & Agents, Inc., announced Calco was bought by its management, producers and by Distribution Partners Investment Capital, L.P., a private investment fund managed by...
California Regulatory System Analyzed
Dec 12 2001 // The California system held up by a consumer group as a model for auto insurance regulation in fact may have kept California consumers from enjoying billions of dollars in premium reductions over the past decade....
Fullerton, Calif. Man Arrested on Fraud, Perjury Charges
Dec 11 2001 // California Department of Insurance Fraud Investigators arrested a Fullerton man last week on one count of insurance fraud and two counts of perjury. Jagdish Chandra, 58, was booked into the Orange County Jail on a $10,000...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
Eautoclaims Signs Up CSAA
Dec 10 2001 // EAutoclaims, a provider to the insurance industry with online claims management solutions, announced that California State Automobile Association (CSAA), the second-largest member organization of the national AAA...
CALIF. STATE FUND LOWERED
Dec 10 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on the California State Compensation Insurance Fund to “BB+” from “BBB+” and removed them from...
Angels of the Industry 2001
Dec 10 2001 // The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the...
Calif. Husband, Wife Receive Sentence
Dec 7 2001 // James Gus Sdrales, 33, was sentenced in San Diego Superior Court on Dec. 3, to one year of work furlough and five years of felony probation. The sentencing is the result of his guilty plea to two felony counts of insurance...
Calif. Industry Said to Be Prepared for Future Disasters
Dec 6 2001 // Representatives of the insurance industry testified Wednesday before the California Assembly Insurance Committee concerning insurance and reinsurance after the attack on America. They noted that the Sept. 11 attack was...
Calif. State Fund Rating Lowered to ‘BB+’
Dec 5 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on the California State Compensation Insurance Fund to “BB+” from “BBB+” and removed them from...
AIA Reacts to Filings of Workers’ Comp Ballot Initiatives
Dec 4 2001 // The American Insurance Association (AIA) reacted Dec. 3 to the filings of two proposed ballot initiatives that would raise workers’ compensation costs in California without including systemic reforms. “It is...
California Agent Gets 4 Years for Fraud
Nov 30 2001 // John Blanton Breland, 54, was sentenced Nov. 26 in the San Joaquin County Superior Court to four years in State prison. The sentencing is the result of a guilty plea to two felony counts of embezzlement, one count of theft...
Hull & Company Restructures Calif. Offices
Nov 29 2001 // Hull & Company, one of the nation’s largest wholesale brokers and MGAs, announced it would be implementing several action steps, including the merger of its San Diego office into its Newport Beach locale. The...
Many California Motorists to Incur Higher Rates
Nov 27 2001 // Those California drivers who have garnered tickets and accidents are likely to see a hike in their auto insurance rates in the months to come. According to the Los Angeles Times, those insurers who were chopping rates two...
