Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Fireman’s Fund Chooses CompPartners HCO
May 17 2000 // Fireman’s Fund insurance Co. (FFIC) selected CompPartners, an Irvine-based workers’ comp health care organization (HCO), to provide HCO services in California. Joseph Wells, vice president of workers’...
NAII Protests Calif. Earthquake Bill
May 17 2000 // A new earthquake bill would invite an avalanche of claims, the National Association of Independent Insurers (NAII) said yesterday. Senate Bill 1899 lifts the statute of limitations that would otherwise bar plaintiffs from...
S&P QUEASY ON CA. W/C
May 15 2000 // Standard & Poor’s (S&P) has placed its ratings on several insurance companies with significant exposure to the California workers’ comp market on CreditWatch with negative implications. These rating...
Quackenbush Investigation Far From Over
May 15 2000 // It began back in March, when lawmakers demanded that California Insurance Commissioner Chuck Quackenbush appear at an April 27 hearing and produce confidential reports his office prepared on the handling of Northridge...
AB 2733 Targets Road Rage in California
May 10 2000 // AB 2733, passed out of the Assembly Transportation Committee yesterday, would create new penalties for brandishing a firearm or other deadly weapon while driving a vehicle. The bill also proposes to include driver’s...
Hilb, Rogal and Hamilton Outlines This Year’s Acquisitions
May 10 2000 // Hilb, Rogal and Hamilton Co. has completed three fold-in acquisitions, expanding the company’s operations in southern California, Dallas and Orlando. In Newport Beach, Calif., Hilb, Rogal and Hamilton subsidiary...
S&P Places Workers’ Comp Insurers on WatchNeg
May 10 2000 // Standard & Poor’s has placed its ratings on several insurance companies with significant exposure to the California workers”comp market on CreditWatch with negative implications. These rating actions,...
AB 2639 To Be Heard May 10 in Calif. Assembly Insurance Committee
May 9 2000 // AB 2639 (Calderon) will be heard on May 10. The bill was originally scheduled for hearing on April 12, but was pulled from the calendar after last-minute opposition from the California Department of Insurance (CDI) and the...
Insurance Foundation’s Assets Seized; LA Times Says Quackenbush Should Resign
May 8 2000 // The troubled California Department of Insurance received several more blows over the weekend. On Friday, a Sacramento Superior Judge seized control of the earthquake foundation set up by Commissioner Chuck Quackenbush and...
W/C Payouts Increase in California, Decrease Nationwide
May 5 2000 // Workers’ comp payments increased 8 percent in California from 1996 to 1998, while payments decreased nearly 1 percent nationwide, according to a report released by the National Academy of Social Insurance...
Earthquake Foundation Shaken by Calif. Legislators
May 4 2000 // A state Senate panel voted Wednesday to bar California’s insurance commissioner from ever again allowing insurance companies to avoid fines by contributing to nonprofit foundations. The Senate Insurance Committee...
Legislator Calls for Calif. Earthquake Fund Freeze
May 3 2000 // A California legislator is calling for a freeze on the remaining funds in an earthquake foundation established by California Insurance Commissioner Chuck Quackenbush. Assemblyman Jack Scott announced his intent to...
What Are You Anyway’ Agent/Broker Distinctions Can Get Muddled
May 1 2000 // Recent legislation has industry circles wrestling over the ongoing question: What makes an agent an agent and a broker a broker? An agent is traditionally defined as a licensed individual or organization authorized to sell...
On the Road: Insuring RVs
May 1 2000 // It’s not just your grandparents heading down the road in a Winnebago these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver, bullet-shaped...
Mergers, Acquisitions All Too Often Accompanied by Lawsuits
May 1 2000 // Along with the skyrocketing merger and acquisition activity during recent years, has come a general, albeit not unanimous, perception of a corresponding increase in M&A-related lawsuits-especially in...
MORE TROUBLE FOR QUACKENBUSH
May 1 2000 // Deputy Commissioner George Grays added his resignation to the current tumult at California Insurance Commissioner Chuck Quackenbush’s office. Grays reportedly played a role in facilitating controversial donations...
Study Finds 1999 a Disastrous Year for Workers’ Comp
May 1 2000 // Recent findings of the nonprofit Workers’ Compensation Insurance Rating Bureau (WCIRB) of California present a rather bleak picture of the current state of California’s workers’ comp...
Insuring RVs
Apr 24 2000 // It’s not just your grandparents heading down the road in those Winnebagos these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver,...
CA Deputy Commissioner Resigns
Apr 17 2000 // Deputy Commissioner George Grays has added his resignation to the current tumult at California Insurance Commissioner Chuck Quackenbush’s office. In a statement released April 13, Grays said: “My continued...
CA Privacy Bills Fail to Pass Senate Committee
Apr 13 2000 // SB 1337 and SB 1372 did not make it past the California Senate Banking, Finance, Investment and International Trade Committee yesterday. The National Association of Independent Insurers (NAII) testified against the...
