Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
CRC Employees in California, Illinois, Pennsylvania Resign
May 6 2010 // CRC Insurance Services Inc. (CRC) – the largest wholesale insurance broker in the United States – released a memo to its customers stating that a number of CRC employees in Illinois, California and Pennsylvania...
Louisiana Lawmakers Shelve Bill on Saints’ Workers’ Comp Issue
May 5 2010 // The Louisiana Legislature won’t be meddling any further this session in a workers’ compensation dispute between NFL players and the New Orleans Saints. The Saints had been pushing a bill to lessen its...
Court Says CalPERS May Pursue Lawsuit Against Rating Agencies
May 5 2010 // The largest U.S. public pension fund has won a court ruling allowing it to proceed with its lawsuit accusing the three biggest credit rating agencies of assigning “wildly inaccurate and unreasonably high”...
Calif. State Fund Revises Rate Plan; Better-Performing Accounts to Benefit
May 5 2010 // California’s State Compensation Insurance Fund announced it will not be filing a mid-year rate increase. Instead, the workers’ compensation insurance provider said it will revise its rating plan to provide...
Foremost Insurance Updates Dwelling Fire Program in California
May 4 2010 // Foremost Insurance Group has updated its dwelling fire program in California. Foremost is targeting standard and preferred landlord customers with new, larger discounts. It also lowered rates on vacant homes by an average...
Conservator Appointed to Manage Contractor’s Access Program of Calif.
May 4 2010 // California’s Department of Industrial Relations (DIR) has appointed Bickmore Risk Services and Consulting as conservator for the Contractor’s Access Program of California (CAP), which is a self-insured group...
California Earthquake Fault Activity Map Shows 50 Additional Fault Lines
May 3 2010 // California geology officials have released an updated state seismic activity map that they hope will improve earthquake preparedness and construction decisions.The map, which had not been updated since 1994, includes more...
Calif. Finds Error in Anthem Blue Cross Rate Filing, Rate Filing Withdrawn
Apr 30 2010 // The California Department of Insurance announced it has uncovered substantial errors in Anthem Blue Cross’ January rate filing, causing the company to withdraw the filing. In January, the company filed for a rate...
California Contractors Self-Insured Group Closes
Apr 30 2010 // The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the group. According to OSIP spokeswoman...
IOA Insurance Services Adds 7 Producers in California
Apr 30 2010 // Florida based Insurance Office of America has added seven new producers. Barry Nordstrom and David Mohn join IOA’s San Diego operation. Nordstrom and his team specialize in the insurance and risk management needs of...
Calif. Workers’ Comp Premiums Not Affected By Rating Formula Changes
Apr 29 2010 // A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pur premium generated after application of 2010 workers’ compensation experience modifications has not...
Employers Direct Relaunched as PacificComp to Work With Independent Agents
Apr 28 2010 // Agoura Hills, Calif.-based Pacific Compensation Insurance Co. (PacificComp), formerly Employers Direct Insurance Co., has relaunched its business with a new name and transformation from a direct writer of workers’...
California Wants to Impose Insurance Surcharge to Develop Emergency Fund
Apr 27 2010 // The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to...
Insurance Agents Not Quite Ready for Social Media Revolution
Apr 26 2010 // “The insurance industry is not as quick to adapt to change as other industries,” but independent insurance agents need to acknowledge that having “a Web presence is non-negotiable,” said Michael...
California Estimates Easter Quake Damage at $91 Million
Apr 21 2010 // Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary...
Calif. Proposes Agent/Broker Regs to Alleviate Under-Insurance
Apr 19 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for...
Father Loses California Malpractice Suit Over Son’s Brain Damage
Apr 19 2010 // A man who claimed his infant son was left brain-damaged after surgery at Childrens Hospital of Los Angeles has lost a $19-million lawsuit. A Los Angeles jury ruled in favor of the hospital and two doctors. Eduardo Rivas of...
Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded
Apr 19 2010 // An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a...
Calif. Workers’ Comp Rates Inadequate, Report Suggests
Apr 16 2010 // The Workers’ Compensation Insurance Rating Bureau of California is reporting that gross written premium for calendar year 2009 is approximatley $8.9 billion, about 17 percent below the written premium reported for...
Pacific Gateway Acquires Homestate’s California P/C Division
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
