Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Special Examiner To Oversee AIG’s California Insurance Operations
Jun 17 2009 // As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance...
Momentous Insurance, Fireman’s Fund Urge California Wildfire Preparedness
Jun 17 2009 // Momentous Insurance Brokerage of Van Nuys, Calif., has partnered with Fireman’s Fund Insurance Co. and the Burbank Fire Department to help protect Southern Californians from wildfires. In 2006, Momentous secured a...
California Considers Expanding Electronic Insurance Transactions
Jun 16 2009 // While California’s economy nears crisis, with the state Legislature’s seeming inability to agree on a budget before the July 1 fiscal deadline, the state Legislature still is evaluting bills for legislative...
Insurance Agents, Brokers: Beware of Scam
Jun 15 2009 // Licensed insurance agents and brokers in California, Colorado and Nevada are being warned to beware of a scam targeting them. The Nevada Division of Insurance, California Department of Insurance and Colorado Division of...
California Senate Passes Insurance Fraud Bill
Jun 15 2009 // The California Senate has passed SB 156 to authorize the Department of Insurance or a district attorney to convene meetings with an insurance company to discuss a specific insurance fraud and would provide that any person...
Pressure Is On to Catch a Few Bad Apples
Jun 15 2009 // Fraud Investigators on Alert to Prevent Property/Casualty Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise — and...
Regulator: California Workers’ Comp Insurance Rating Bureau Needs to Address Challenges
Jun 15 2009 // The California Department of Insurance has released an audit report of the state’s Workers’ Compensation Insurance Rating Bureau. Among the recommendations are that WCIRB should: Begin to collect the detailed,...
Union General Insurance Offers California Special Events Market
Jun 12 2009 // Available to California agents, Union General Insurance Services has an “A+” rated carrier offering premises/operations and product/completed operations coverage for all types of special events. Most pricing is...
California Seeks to Amend Heat Illness Prevention Standard
Jun 11 2009 // California’s Department of Industrial Relations (DIR) in conjunction with its Division of Occupational Safety and Health, better known as Cal/OSHA, has requested that the Occupational Safety and Health Standards...
California Considers Changes to the Workers’ Comp System
Jun 9 2009 // The California Department of Insurance held a workers’ compensation insurance claims cost benchmark hearing on June 8, at which suggestions were made on changes that could be made to the workers’ comp system to...
EPIC Appoints Principal in Orange, California
Jun 8 2009 // E.P.I.C. (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage based in California, recently appointed David Beech as a principal in its Orange office. Beech brings 26...
Union General Insurance Offers California Clubs Market
Jun 8 2009 // Union General Insurance Services Inc. of Concord, Calif., has made available to California agents an “A+” rated carrier offering both monoline and package coverage for clubs. Multiple lines of coverage can be...
California Insurance Commissioner To Hold Workers’ Comp Hearing
Jun 8 2009 // California Insurance Commissioner Steve Poizner will be hosting a Claims Cost Benchmark hearing to further investigate workers’ compensation medical costs today,at 1 p.m., June 1, 2009, in Sacramento, Calif. The...
Ratings: Guardian, Golden Bear, ARIC, SUIC, First American, Seminole
Jun 5 2009 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company,...
Nevada, Colorado Insurance Agents, Brokers: Beware of Scam
Jun 4 2009 // Licensed insurance agents and brokers in California, Colorado and Nevada are being warned to beware of a scam targeting them. The Nevada Division of Insurance, California Department of Insurance and Colorado Division of...
California Earthquake Authority CFO Named CFO of the Year
Jun 3 2009 // Tim Richison, chief financial officer of the California Earthquake Authority, has been named CFO of the Year by a regional business journal. Judges cited Richison’s achievements as part of the original team at CEA....
Regulator: California Workers’ Comp Insurance Rating Bureau Needs to Address Challenges
Jun 3 2009 // The California Department of Insurance has released the audit report of the state’s Workers’ Compensation Insurance Rating Bureau. Recommendations made by the audit suggest that WCIRB should: Begin to collect...
Insurance Industry Plays Significant Role in California’s Economy
Jun 1 2009 // The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount...
California Considers Bill to Expand Insurance Fraud Reporting Law
Jun 1 2009 // The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud. According to the text of AB 802, existing law requires “an insurer, or...
California Wildfires: Coverage Disputes May Be Heating Up
Jun 1 2009 // On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and...
