Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Judge Rules in Favor of Lumber Liquidators in Prop. 65 Case
Apr 5 2016 // Lumber Liquidators Holdings Inc. won a tentative ruling dismissing claims that it failed to adequately warn consumers about cancer-causing formaldehyde found in some of its laminate flooring. Monday’s decision is a...
PIMCO Legal Filing Accuses ‘Bond King’ Gross of ‘Abusive’ Conduct
Apr 5 2016 // Pacific Investment Management Co. said former bond manager Bill Gross’ abusive conduct and effort to sabotage colleagues he deemed disloyal gave it “good cause” to oust him, and not pay any of the more...
Hub Acquires Assets of California-Based Pickett And Associates
Apr 4 2016 // Hub International Ltd. has acquired the assets of La Quinta, Calif.-based Pickett and Associates Inc. Terms of the deal were not disclosed. Pickett’s owners Debra Pickett and Richard Torres will join Hub California...
Government Task Force Will Examine Massive California Natural Gas Leak
Apr 4 2016 // A new U.S. government task force will look into the country’s biggest ever accidental release of methane, which occurred over several months in Los Angeles, Calif., hoping to prevent future leaks of the potent...
People – West
Apr 4 2016 // Edgewood Partners Insurance Center named Brian McDonnell a managing principal, and the formation of a national construction specialty group. McDonnell will be based in EPIC’s Concord, Calif., office and report to...
Farmers CEO Remembers Joplin Tornado at California Gala
Apr 4 2016 // Jeff Dailey, CEO of Farmers Insurance, turned what could have been a mere acceptance speech into a lesson-filled personal account of his first time seeing the devastation wreaked by the May 2011 tornado in Joplin,...
Business Moves
Apr 4 2016 // AmWINS Group, Group Benefit Services AmWINS Group Inc. has acquired Group Benefit Services Inc. and GBS Payroll Plus Inc., known collectively as Group Benefit Services, in Hunt Valley, Md. Terms of the transaction were not...
$5M Deal Reached Between California and TV Component Makers
Mar 31 2016 // California Attorney General Kamala Harris says she has reached a nearly $5 million settlement with five electronics manufacturers accused of fixing prices on television and computer components. Harris’ office...
Wage Hike Would Cost California Taxpayers $3.6B, Analyst Says
Mar 31 2016 // Raising the minimum wage in California to the highest statewide level in the nation would eventually cost taxpayers an additional $3.6 billion a year in higher pay for government employees, legislative analysts...
Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting
Mar 31 2016 // Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The...
Alliant Names Dobbs Vice President in Real Estate Group in California
Mar 30 2016 // Real estate specialist Mark Dobbs has joined Alliant Insurance Services as vice president within the company’s real estate group. Los Angeles, Calif.-based Dobbs will focus on organizations with portfolios spanning...
Take1 in California Now a Lloyd’s Cover Holder
Mar 29 2016 // Take1 Insurance announced that it is now a cover holder with Lloyd’s of London to provide excess liability coverage capacity of up to an additional $5 million in limits. Minimum rates start at $750 per each million...
Swiss Re Corporate Solutions Adds Southern California Aviation Team
Mar 28 2016 // Swiss Re Corporate Solutions has established a regional aviation insurance team that operates out of the Santa Ana, Calif. office. Swiss Re Corporate Solutions offers a range of aviation insurance products, from physical...
Investor Group Urges California to Delay Retirement Plan
Mar 25 2016 // California should delay action on a proposed state-run retirement savings plan for private-sector employees because it could end up leaving taxpayers on the hook, the Investment Company Institute said in a letter Thursday...
Judge Grants VW More Time for Diesel Fix
Mar 25 2016 // Volkswagen AG was given four more weeks to reach an agreement with regulators for getting 600,000 diesel vehicles off U.S. roads as it faces hundreds of lawsuits for rigging pollution control systems to cheat emissions...
VW May Miss Court Deadline for Diesel Fix with U.S. Regulators
Mar 24 2016 // Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions. While...
ACIC’s Sektnan Named Chair of Civil Justice Association of California
Mar 23 2016 // Association of California Insurance Companies President Mark Sektnan has been named chairman of the board for the Civil Justice Association of California. Sektnan will serve a two-year term. His duties will include...
Thompson Named Iroquois Group General Manager in Southern California
Mar 23 2016 // Bruce Thompson has joined The Iroquois Group as a regional manager in Southern California. His background is in property/casualty, as well as life insurance, and includes experience as a producer, agency owner, and carrier...
California Workers’ Compensation Institute Elects 2016 Board
Mar 22 2016 // Susan Gordon, head of workers’ compensation underwriting at Zurich North America, was elected board chair of the California Workers’ Compensation Institute for 2016. Gordon was elected at CWCI’s 52nd...
CSAA Exec Named California Insurance Guarantee Association Chair
Mar 22 2016 // Jeff Huebner, vice president of treasury for CSAA Insurance Group, has been named chairman of the board of governors for the California Insurance Guarantee Association. Huebner joined CSAA Insurance Group in 2001 as...
