Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
California Implements Standard to Protect Against Airborne Diseases
Jul 8 2009 // The nation’s first standard to safeguard workers from the spread of airborne diseases was approved yesterday by California’s Office of Administrative Law and filed with the Secretary of State. With full support...
California Commissioner Rejects Workers’ Comp Bureau Rate Increase
Jul 8 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...
California Governor Proposes Selling Some State Workers’ Comp Insurer Assets
Jul 6 2009 // California Gov. Arnold Schwarzenegger is proposing to sell a portion of the state workers’ compensation insurer State Compensation Insurance Fund for $1 billion, Rachel Cameron, deputy press secretary for the...
California Employers Oppose Fees on Workers’ Comp Premiums
Jul 2 2009 // Members of the Workers’ Compensation Action Network (WCAN) have launched a campaign to oppose more than $60 million in new annual workers’ compensation assessments being proposed in California. The new...
MySpace, Web Servers Not Liable for Assaults, California Court Rules
Jul 2 2009 // Internet servers like MySpace cannot be held liable when minors are sexually assaulted by people they first meet on a website, a California appeals court ruled in an opinion filed late Tuesday. The ruling by the Second...
Employers Direct Stops Writing Workers’ Comp Insurance in California
Jul 1 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...
California-Based ICW Group Upgrades, Rebrands Based on Agent Feedback
Jun 30 2009 // Truly listening to what agents have to say can make a world of difference in how an insurance company is run and organized. Just ask the folks at San Diego-based ICW Group Insurance Companies, an Insurance Journal-ranked...
Commissioner Directs California Insurers To Divest Iranian Government Holdings
Jun 30 2009 // California Insurance Commissioner Steve Poizner announced that he will launch an effort to probe insurance company investments for ties to Iran and immediately direct California-based insurance companies to divest any...
