Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
NO RULING FOR NORTHRIDGE
Dec 11 2000 // The California Supreme Court refused to rule in a case brought forward by several insurance groups that contested the constitutionality of a state law giving Northridge earthquake victims an additional year to reopen...
Insurance Executive Ray D. Johnson Jr. Passes Away
Dec 8 2000 // Ray D. Johnson Jr., former president, CEO and chairman of Republic Indemnity Company of America, recently passed away. In a career in the insurance industry which spanned 48 years, Johnson served as the president of...
Broker from North Hollywood Pleads No Contest
Dec 7 2000 // Insurance broker Shahin Sean Pelaseyed, 46, of North Hollywood has pled no contest to one count of grand theft of insurance premiums in a Van Nuys Superior Court. The Van Nuys Attorney’s Office and Pelaseyed reached...
Insurers Request for Ruling on Northridge Claim Extension Refused
Dec 4 2000 // The California Supreme Court last week refused to rule in a case brought forward by several insurance groups that contested the constitutionality of a state law giving Northridge earthquake victims an additional year to...
Quackenbush Whistle-blower Cleared of Wrongdoing
Dec 1 2000 // Cindy Ossias, a California Department of Insurance lawyer, was exonerated of violating lawyers’ ethics by the State Bar of California. Last June, Ossias leaked information to an Assembly Insurance Committee...
HIH Sells W/C Book, Ceases Writing New Business
Nov 29 2000 // San Francisco-based HIH America Compensation and Liability Insurance Company is selling the renewal rights and other tangible assets associated with its large account California workers’ compensation business to...
Artisan Contractor Class Stays Strong – Despite Construction Defect Litigation, Hardening Market and
Nov 27 2000 // The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business boom for artisan contractors. As individuals in some of the country’s hottest markets...
Fremont Cuts P/C Staff, Focuses on Thrift & Loan Profits
Nov 27 2000 // As part of a cost-cutting initiative, Santa Monica, Calif.-based Fremont General Corp. has reduced the production and claim service offices of Fremont Compensation Insurance Group from 41 to 24. Of these remaining offices...
Reach of Contruction Defect Litigation Extends Beyond Condos
Nov 27 2000 // Editor’s note: Following the cover story “Cracks in the Stucco: Construction Defect Litigation Spreads” in our July 24, 2000, issue, several readers called in to share stories of how the problem of...
Orange Co. Calif. Woman Arrested on Insurance Fraud, Forgery Charges
Nov 22 2000 // Investigators from the California Department of Insurance Criminal Investigations Branch arrested Lucinda Anne Hatch of Orange County on two felony counts of insurance fraud and one felony count of forgery. Hatch, 36, was...
Calif. Officials Seek Dismissal of Insurance Settlements
Nov 21 2000 // On Nov. 20, Attorney General Bill Lockyer, joined by Insurance Commissioner Harry Low, asked a court to void controversial earthquake settlements that allowed insurance companies to donate to foundations rather than face...
Artisan Contractor
Nov 20 2000 // Class Strong Despite construction Defect Litigation, Hardening Market and Slowing economy The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business...
Liability Coverage for Breaches of Contract
Nov 20 2000 // Knowledgeable people think that liability insurance is for accidents. Standardized liability insurance policies-homeowners, auto and commercial general liability-are worded so that the idea of an accident is at the heart...
Liability Coverage for Breaches of Contract
Nov 20 2000 // Knowledgeable people think that liability insurance is for accidents. Standardized liability insurance policies-homeowners, auto and commercial general liability-are worded so that the idea of an accident is at the heart...
MOLD in Buildings
Nov 20 2000 // Creates New Frontier in Construction Defect Litigation, Definition of Pollution At the center of what could become one of the fastest growing areas of both construction defect litigation and toxic tort litigation is an...
Calif. Broker Fee Regulations Set to Take Effect
Nov 16 2000 // The new California Department of Insurance broker fee regulations will go into effect on Nov. 23. The regulations require that agents use a Standard Broker Fee Disclosure Form and Standard Broker Fee Agreement when a...
Calif. Workers’ Comp Puts Damper on American Financial Group 3Q Results
Nov 14 2000 // American Financial Group Inc. (AFG) announced a $10.8-million loss ($.18 per share) for third quarter 2000. The loss includes $22.8 million, after-tax ($.39 per share), for strengthening the loss reserves of its California...
Madera County Calif. Woman Arrested for Workers’ Comp Fraud
Nov 13 2000 // A Madera County, Calif. woman was arrested last week on workers’ comp fraud charges. Jennelle Nanleen Allen, 38, was arrested by the California Department of Insurance and Madera District Attorney’s Office...
Calif. State Auto Bureau Downgraded
Nov 13 2000 // The financial strength rating (FSR) of the California State Automobile Association Inter-Insurance Bureau was downgraded from “A+” to “A” by A.M. Best. Best indicated that the downgrade reflected a...
DIR Resource Networks Seeks Improved Young Worker
Nov 10 2000 // Health and safety legislation recently signed by Calif. Gov. Gray Davis aims to provide young workers with expanded educational services and other resources to improve their workplace safety and health. A.B. 1599...
