Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
California Legislative Committee Approves Replacement Parts Bill
Apr 6 2000 // The California Assembly Insurance Committee has approved a bill governing disclosure of competitive replacement auto parts. The National Association of Independent Insurers testified against the bill due to two provisions...
California Commissioner Under Fire for Enforcement Practices
Apr 3 2000 // California Commissioner Chuck Quackenbush is under fire for alleged enforcement inconsistencies. The Los Angeles Times reported Sunday that Quackenbush reportedly ignored staff attorney’s recommendations to heavily...
WORKERS’ COMP MARKET OVERVIEW
Apr 3 2000 // CALIFORNIA STILL CRAZY AFTER ALL THESE YEARS By Sky Barnhart “After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of...
Munich Re at Impasse with Regulators over Holocaust Claims
Apr 3 2000 // The dialogue between the California Department of Insurance (CDI) and Germany’s Munich Re came down to a legal standoff in March with respect to the reinsurer’s perceived delays in turning over documents...
Quackenbush Under Fire for Fund-Raising Tactics
Apr 3 2000 // California Insurance Commissioner Chuck Quackenbush collected political contributions from insurance companies and transferred $100,000 to his wife’s campaign accounts to repay her for personal loans she made to her...
Agents Play Intrinsic Role in Online Workers’ Comp Transactions
Apr 3 2000 // While online sales of personal lines become increasingly common, there is still a perception that certain commercial lines pose a more difficult sell. Yet with an unofficial figure estimating the market for commercial...
The Unraveling of Superior National
Mar 30 2000 // Editor’s Note: This article was written by Standard & Poor’s analyst Darin Feldman, and is printed with permission. In its 1998 annual report “Survival of the Fittest,” Superior National...
YouZoom.com Sweetens the Pot for Calif. Consumers
Mar 28 2000 // In its campaign to attract more consumers to its site, YouZoom.com is offering California consumers a chance an all expense paid trip to Hawaii. Consumers that go their site and follow the 1-2-3 prompt to a local...
