Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Earthquake Authority Targets $5 Million to Help Agents Sell Insurance
Mar 7 2011 // New Zealand’s 6.3 magnitude Christchurch earthquake is expected to be one of the costliest global insurance events since 2008, with total insured losses ranging between $3 billion and $12 billion. And it’s not...
California Earthquake Authority Targets $5 Million to Help Agents Sell Earthquake Insurance
Mar 7 2011 // New Zealand’s 6.3 magnitude Christchurch earthquake is expected to be one of the costliest global insurance events since 2008, with total insured losses ranging between $3 billion and $12 billion. And it’s not...
Business Moves
Mar 7 2011 // Lawson-Hawks, Christopher Lee Insurance Services Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., acquired Christopher Lee Insurance Services of Carmel, Calif....
Local California Fire Chief Unaware of Gas Line Before Explosion
Mar 4 2011 // Until a deadly explosion south of San Francisco last year, local firefighters had no idea there was a large gas transmission pipeline underneath their town — a recurring problem in pipeline accidents, federal safety...
California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium
Mar 1 2011 // A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues. On Feb. 9, 2011, California Assembly Member Solario introduced Assembly...
Calif. Workers’ Comp Web Site To Verify Employers’ Insurance
Feb 25 2011 // The California Office of Administrative Law has approved new regulations for creating a Web site that will allow people to verify employers have workers’ compensation insurance coverage, and for employers to dispute...
California’s Median Auto Insurance Rate Decreases 3%
Feb 24 2011 // The median six-month auto insurance rate in California has decreased approximately 3.1 percent over the past 12 months to reach $809 according to InsWeb. Over the same 12-month period, the national median auto insurance...
Employers Holdings Reports Q4 Income of $20M
Feb 24 2011 // Reno, Nev.-based Employers Holdings Inc. has reported fourth quarter net income of $20.1 million compared with $11.3 million in the fourth quarter of 2009, an increase of $8.9 million in net income. The company said net...
Allstate Accelerates California Recruiting
Feb 23 2011 // Allstate Insurance Co. announced it plans to add 120 new agency owners in California during 2011, in an “aggressive recruiting campaign” in the state. Allstate signed on 44 new California “exclusive...
Supreme Court Allows Lawsuits Over Seat Belts
Feb 23 2011 // The U.S. Supreme Court ruled that federal regulations setting vehicle safety standards do not bar lawsuits seeking damages from automakers for installing lap-only seat belts. The unanimous ruling held that a California...
Mulryan Named Chair of Calif. State Fund
Feb 21 2011 // The California State Compensation Insurance Fund is likely to face challenges of medical cost increases and the risk of eroding workers’ compensation reforms in the next year. Yet outgoing board chairwoman Jeanne...
Liens Stress California Workers’ Compensation System
Feb 21 2011 // Liens are “choking” California’s workers’ compensation system, with employers and insurers spending roughly $200 million per year in the state on loss adjustment expense to handle medical liens...
People
Feb 21 2011 // The California Insurance Wholesalers Association honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale Industry Award. Anderson was a founding president of CIWA from 1991 to 1993. He served on...
Calif. Wants Insurance Companies to Invest in Communities
Feb 18 2011 // California Insurance Commissioner Dave Jones is offering insurance companies $4.67 million in tax credits to invest in underserved communities. In a letter to company CEOs, Jones pushed for insurers to place a portion of...
Calif. Insurance Agents & Brokers Association Changes Name to Cal Agents
Feb 16 2011 // Insurance Agents & Brokers Association of California has changed its name to California Agents & Brokers Insurance Association — or Cal Agents for short. “Cal Agents is a more succinct name to quickly...
State Geologists Put Calif. Earthquake Maps Online
Feb 14 2011 // Anyone with an Internet connection can now find out whether the house they want to buy is on one of California’s earthquake faults. The California Geological Survey announced that it was posting its fault zone maps...
Calif. State Fund Names Vargen Senior VP
Feb 14 2011 // California State Compensation Insurance Fund has promoted Jennifer Vargen from communications director to senior vice president of marketing and communications. Vargen began her State Fund career in 1988, and saw early...
Prepareth Not and Doom Your Summer Vacation
Feb 10 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will usher in a new era of premium taxation and regulation for surplus lines insurance on...
Report: Calif. Health Insurers Deny 26% of All Claims
Feb 10 2011 // California’s largest, private health insurers rejected 26 percent of all claims –13.1 million — submitted for the first three quarters of 2010, according to new findings by the Institute of Health and...
Calif. Surplus Line Association Names New Officers
Feb 9 2011 // The members of the Surplus Line Association of California (SLA) have elected Patrick Hanley as their chairman. Hanley is president of Socius Insurance Services Inc. in San Francisco. Other officers elected for the 2011...
