Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
Farmers Closes Doors In Southern California
Mar 16 2001 // In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in Carlsbad. The process of closing the office officially began yesterday. Along with the...
Lloyd’s Investigation Expands into Calif.
Mar 15 2001 // A federal task force investigating Lloyd’s of London have begun interviews of witnesses in California regarding a $400,000 payment made to the state by Lloyd’s in 1999, according to a Los Angeles Times...
Former Calif. Insurance Commissioner Gillespie Raises Nearly $500,000 for City of Hope
Mar 14 2001 // Roxani M. Gillespie (center), a partner at Barger & Wolen, accepts the Spirit of Life Award, presented to her by the California Insurance Council for City of Hope. Also pictured are Larry De Boer (left) and Don...
DIGGING UP OFFSHORE FRAUD
Mar 12 2001 // The California Department of Insurance (CDI) Criminal Investiga-tions Branch reported evidence that fraudulent certificates of insurance have been issued to more than 100 taxicab companies operating throughout California,...
Fresh Allegations Surround Quackenbush, Lloyd’s Payment
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times. The strongest of the allegations...
DRAMA in the Nonstandard Arena
Mar 12 2001 // The NONSTANDARD AUTO MARKET gets ready for action that will include increased RATES, risking LOSSES and overall market VOLATILITY. The nonstandard auto market enjoyed above-average growth and profitability across the...
