Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Opposition to Assembly Bill 21
Apr 18 2001 // {The California Assembly Banking and Finance Committee held a hearing regarding Assembly Bill 21 on Monday, April 16, 2001. Assembly Bill 21 is a privacy bill, which would establish a general “opt-out” rule for...
CDI Revokes Insurance License of San Diego Agent
Apr 12 2001 // California Insurance Commissioner Harry W. Low issued an Order of Summary Revocation dated April 5, 2001, revoking the insurance license of Allen Prasky. The revocation becomes effective May 5, 2001. On March 14, 2001, in...
InsuranceNoodle Hires Account Manager for Southwest Region
Apr 11 2001 // Allison Granata has recently joined InsuranceNoodle as the senior account manager for the company’s Southwest region, which includes Southern California, Arizona and Nevada. Granata will be responsible for...
S&P Lowers PAULA Insurance Co FSR to ‘CCCpi’
Apr 11 2001 // Standard & Poor’s lowered its financial strength rating on PAULA Insurance Co. to triple-‘Cpi’ from single-‘Bpi’. The rating action reflects the company’s deteriorating surplus,...
AAA California Affiliate Enters Financial
Apr 10 2001 // In an effort to increase the value of its membership, AAA of Northern California will now provide a wide array of financial services to its four million members. These new benefits include: new auto loans; used auto loans;...
San Francisco Viatical Broker Indicted for Fraud
Apr 9 2001 // California Insurance Commissioner Harry W. Low announced the filing of felony charges against a San Francisco area viatical broker. The charges are the result of an ongoing joint investigation by the California Department...
Two Calif.-Domiciled Workers’ Comp Companies Conserved by CDI
Apr 9 2001 // The toll from the ongoing adverse streak for the California workers’ compensation market just keeps rising. The California Department of Insur-ance (CDI) recently conserved two more insurance companies domiciled in...
CDI Issues Cease and Desist Orders
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
CDI Issues Cease and Desist Orders
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
Calif. State Fund Rating Lowered by A.M. Best
Apr 2 2001 // The financial strength rating of the State Compensation Insurance Fund of California (SCIF), San Francisco, Calif., was lowered from “B++” to “B+” by A.M. Best on March 30. The rating outlook is...
Online Insurance Provider eCoverage Ceases Operations, is “History”
Apr 2 2001 // San Francisco-based eCoverage, an online provider of insurance services founded just over two years ago, has ceased operations. Known for its slogan: “The industry is history,” eCoverage predicted the demise of...
CDI Conserves Two Calif. Workers’ Comp Companies
Mar 30 2001 // California Insurance Commissioner Harry W. Low announced on March 31 the conservation of two California workers’ compensation companies, HIH America Compensation and Liability Insurance Company and Great States...
Red-Light Runners on Film
Mar 26 2001 // Flash, flash, flash-it looks just like Oscar Night as car after car speeds through the intersection on a red light. Those of us calmly awaiting the next green shake our heads-“Can you believe that guy?” Each...
Struggle Continues Over Payment of Holocause Claims
Mar 26 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
A Case of Framers Framing Themselves
Mar 26 2001 // Jay Neal Wright, 48, and his son Jay Neal Wright II, 27, both residential framing contractors of Phoenix, Ariz.; Don Jay Wright, 80, of Mesa, Ariz.; and Attorney Timothy Miller, 43, of Riverside, Calif.; were charged with...
WORKERS’ COMP IN CALIFORNIA: A Barren Landscape
Mar 26 2001 // Three months into the new year, the picture for the California workers’ comp market is not pretty, and it’s likely to get worse. Developments in recent weeks-including lowered ratings, carrier losses, declining...
Another ‘Dot-Gone’: eCoverage is History
Mar 26 2001 // San Francisco-based eCoverage, an online provider of insurance services founded just over two years ago, has ceased operations. Known for its slogan: “The industry is history,” eCoverage predicted the demise of...
U.S. Scientists Build Internet-enabled Quake Alert System
Mar 22 2001 // Scientists at the California Institute of Technology and the U.S. Geological Survey are working on an Internet-enabled earthquake early-warning system for the state of California. For the last five years, Caltech and the...
Territorial Rating Battle Still Raging on Political Front
Mar 20 2001 // Insurance associations are up in arms again over the recent request of lawmakers that the California Supreme Court review the use of ZIP codes in rating auto policies. The Personal Insurance Federation of California,...
DRAMA in the Nonstandard Arena: The NONSTANDARD AUTO MARKET gets ready for action that will include
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...
