Latest California Headlines

Number of Californians Hit by Cars Jumps 25% On Halloween

Oct 28 2010 // The number of people in California hit by cars jumps 25 percent on Halloween versus the rest of October, according to Allstate Insurance Co. The insurer recently looked at its California auto insurance claims involving...

Insurer Challenges Jackson Doctor’s Legal Bills in Texas Court

Oct 22 2010 // An insurer for the doctor charged in Michael Jackson’s death has asked a judge to rule that it is not responsible for the physician’s legal bills in two high-profile court cases and fights to retain his medical...

California Commissioner Hopeful: Assemblyman Mike Villines

Oct 21 2010 // The election for California Insurance Commissioner is a weighty one. The person selected will be in charge of regulating the approximately 1,500 insurance companies doing business in the state. Assemblyman and Republican...

California Commissioner Hopeful: Assemblyman Dave Jones

Oct 21 2010 // On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why...

Record 7.7M Expected to Participate in Calif. Earthquake Drill

Oct 21 2010 // More than 7.7 million people are expected to shake, drop, cover and hold on in the country’s largest earthquake drill in history. The Great California ShakeOut is an earthquake drill in which participants practice...

The Rule Co.’s Titus Named President of SoCal Golf Association

Oct 20 2010 // Steve Titus, president and chief operating officer of Pasadena, Calif.-based The Rule Co., has been elected the 86th president of the Southern California Golf Association. A graduate of University of Southern California...

CVS To Pay Record Fine for Selling Meth Ingredient

Oct 19 2010 // CVS, the nation’s largest operator of retail pharmacies, announced it has agreed to pay $75 million in fines for allowing repeated purchases of pseudoephedrine that led to a spike in Southern California drug...

Sevilla Appointed New CFO at California State Fund

Oct 19 2010 // Former California State Compensation Insurance Fund Chief Financial Officer, Jay Stewart, has resigned for a CFO position at CAMICO Insurance Co. in Redwood Shores, Calif. State Fund’s board of directors has ratified...

Industry Giving Aids Republican in California Insurance Chief Race

Oct 18 2010 // The insurance industry has given more than $1.5 million in indirect contributions to support the Republican candidate for state insurance commissioner, drawing criticism that it is trying to buy influence without being...

A Franchise Model for Insurance Agencies

Oct 18 2010 // Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like a strange idea, but that’s what John Rost, founder,...

Declarations

Oct 18 2010 // Inflationary Increase “The previous $15 million capital and surplus requirement has been in place since the ’90s, so is not near as meaningful in guaranteeing financial solvency of surplus line insurers today....

Oct 18 2010 // 100 Number of days past a July deadline the California Legislature took to pass a budget. Legislative action was stalled when Democrats and Republicans couldn’t agree on areas to reduce spending to close the $19...

California’s Commissioner Hopefuls

Oct 18 2010 // Unlike many voters, the hundreds and thousands of independent insurance agents and brokers in California know the November 2 election will be a pivotal one. After all, on that day, Californians will select a new insurance...

Assemblyman Mike Villines

Oct 18 2010 // Republican Mike Villines was elected to the California Assembly in 2004 to represent the counties of Fresno and Madera. He serves on the board of the State Legislative Leaders Foundation, a nonprofit organization that...

Court: Calif. Surplus Line Insurers Should Not Be Double-Taxed

Oct 18 2010 // Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line...

New Markets

Oct 18 2010 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Roofers Market Detail: Leo Risk Services, a...

Loss of Insurance Job Cited in California School Shooting Case

Oct 15 2010 // The man suspected of opening fire at a Carlsbad elementary school, wounding two girls, had a minor brush with the law in 2002 in Illinois when he pleaded guilty to misdemeanor telephone harassment, the San Diego...

Fire Surcharge Omitted From California Budget

Oct 13 2010 // Insurers are thanking their lucky stars, that for the third year in a row, California Gov. Arnold Schwarzenegger’s proposal to impose a 4.8 percent statewide surcharge on all residential and commercial property...

Integro Buys California Reinsurance Broker ReSource Intermediaries

Oct 12 2010 // Insurance brokerage and risk management firm Integro has acquired ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm based in San Francisco. The move paves the way for New York-based Integro to become...

Calif. Iranian Investment Regs Ruled Improper

Oct 12 2010 // The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance...