Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Business Moves
Aug 3 2009 // SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team...
21st Century Auto Insurance Reduces Rates 3.4% for Californians
Aug 3 2009 // 21st Century Auto Insurance Co. announced it will be implementing a $34 million rate reduction for policyholders in California, according to Shannon Kelly, senior vice president, West region. The reduction represents an...
California Passes Budget Revisions
Aug 3 2009 // State Compensation Insurance Fund Says Proposal to Sell Its Assets Have Failed in Past We are very concerned that the proposed sale appears to be driven by the need for cash. The California Legislature has passed the...
Court: California State Fund Legal Staff Entitled to Back-Pay
Jul 28 2009 // A San Francisco Superior Court judge has ordered that California’s State Compensation Insurance Fund pay approximately 500 employees back-pay for previously instated furloughs of union workers. The state implemented...
California Seeks Feedback on Insurance FAIR Plan
Jul 27 2009 // The California Department of Insurance is looking to improve the state’s property insurer of last resort, otherwise known as the California Fair Plan. Following urban disturbances in the late 1960s, the FAIR Plan was...
California Senate Passes Budget, Workers’ Comp Fund Assets for Sale
Jul 24 2009 // The California State Senate passed a package of bills early Friday morning, revising the 2009-10 budget, that was passed in February, with $24.2 billion in deficit reduction solutions and a $921 million reserve; in total...
California Makes 83 Recommendations to Improve Insurance Guarantee Fund
Jul 24 2009 // The California Department of Insurance has come up with dozens of suggestions for improving the insurance fund that steps in to pay claims when an insurance company goes bankrupt. The report issued by Insurance...
USG Holdings Introduces Workers’ Comp Division in California
Jul 23 2009 // USG Holdings has launched AAU Comp, a new subsidiary headquartered in El Segundo, Calif., to offer workers’ compensation coverage and programs on a national basis. AAU Comp expects its book of business to include...
21st Century Auto Insurance Reduces Rates 3.4% for Californians
Jul 22 2009 // Shannon Kelly, 21st Century senior vice president, West region, has announced a $34 million rate reduction for 21st Century Auto Insurance Co. policyholders in California. This represents an average decrease of 3.4...
California Leaders Agree on Budget
Jul 21 2009 // California Gov. Arnold Schwarzenegger reported late Monday from his Twitter account that he and state legislative leaders had reached a budget deal, which will be voted on by the full Legislature on Thursday. Budget...
California Commissioner Rejects Workers’ Comp Bureau Rate Increase
Jul 20 2009 // Citing testimony that self-insured employers have been able to reduce overall workers’ compensation costs, California Insurance Commissioner Steve Poizner has rejected the Workers’ Compensation Insurance Rating...
Business Moves
Jul 20 2009 // AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to...
Recession Increasing Insurance Fraud
Jul 20 2009 // Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? According to Mike McKee, senior special agent for the National Insurance Crime Bureau, it’s too soon for statistics to confirm...
Employers Direct Stops Writing Workers’ Comp Insurance in California
Jul 20 2009 // Citing the strain of escalating medical costs on the workers’ compensation system, increasingly intense price competition, and the uncertainty over the sustainability of the 2003-2004 legislative reforms due to...
Alioto-Pier Rumored To Run for California Insurance Commissioner
Jul 20 2009 // California newspaper the San Francisco Chronicle is predicting that San Francisco Supervisor Michela Alioto-Pier will announce her candidacy for state Insurance Commissioner today. Alioto-Pier is the granddaughter of...
California Considers Expanding
Jul 20 2009 // The California Legislature is considering expanding the types of insurance transactions that could be handled electronically. According to bill text of AB 328, “existing law generally permits parties to contract to...
California Closer to Allowing Mileage-Based Auto Insurance
Jul 20 2009 // California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance). According to the Commissioner, “Insurers frequently rely on consumers to provide their own...
NIF Group Introduces NIF Insurance Services of California
Jul 16 2009 // Manhasset, N.Y.-based NIF Group Inc. has introduced NIF Insurance Services of California. This division of NIF Group was formerly HDR Insurance Services of Sacramento, Calif. HDR is primarily known for its program...
Union General Insurance Offers Sport Camps Markets in California
Jul 13 2009 // Concord, Calif.-based Union General Insurance Services Inc. is offering to California agents a market for sport camps, leagues, and instructors. Coverage is being provided by an “A+” rated carrier offering for...
California State Fund Earned $1.66 Billion in Premium in 2008
Jul 13 2009 // California’s State Compensation Insurance Fund has published its 2008 annual report. Among the workers’ compensation insurer’s successes the group said it accomplished in 2008 were establishing a solid...
