Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Senate Approves Agent-Broker, Spyware Bills
Jun 20 2008 // California’s Senate Banking, Finance and Insurance Committee approved two bills — one allowing insurance cmpanies to require spyware to be installed in vehicles, and the other clarifying the duties of an agent...
Allstate Dropping Appeal of Calif. Auto Rate Cuts
Jun 20 2008 // Insurer Allstate Corp said it has dropped its bid to fight a reduction on auto policy rates imposed earlier this year by California’s insurance regulator. An Allstate spokesman, in an e-mailed statement, said the...
California State Fund Appoints Shiroma Program Manager
Jun 19 2008 // Matthew Shiroma has been promoted to program manager of the newly created contracts and purchasing department for California State Compensation Insurance Fund. The department oversees the purchasing of capital equipment,...
AIG Private Client Group Expands Wildfire Protection Services
Jun 19 2008 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc., announced that its Wildfire Protection Unit service has doubled the number of...
Wells Fargo Insurance Services Founds Western Division of Industry Charitable Foundation
Jun 17 2008 // The Insurance Industry Charitable Foundation has launched a new Western Division. After 15 years operating solely in California, the Foundation has expanded to include all areas of the Western United States. Wells Fargo...
California Senate Considers Agent-Broker Bill, Consumer Group Challenges Legislation
Jun 17 2008 // Three pieces of legislation will be heard in the Senate Banking, Finance and Insurance committee on Wednesday, June 17, 2008. Assemblyman Jared Huffman’s AB 2800 would allow insurance companies to require drivers to...
Anderson & Murison Offers Umbrella for Commercial Exposures in California
Jun 16 2008 // Los Angeles-based Anderson & Murison Inc. can now write a personal umbrella policy that includes coverage for commercial exposures for California only. The “big umbrella” is an extension of the...
Firefighters in California Struggling to Get Upper Hand on Fire
Jun 16 2008 // High wind on Saturday, June 13, 2008, continued to stoke fires across Northern California that had destroyed dozens of homes and forced thousands of residents to flee. At least 66 homes had been destroyed with 17 others...
California Report Details How to Reduce Fraudulent Claims
Jun 16 2008 // Commissioner Takes Action on Five Recommendations Insurance fraud in California totals more than $15 billion each year, costing each resident an average of more than $500 per year. That’s the estimate published in a...
People
Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...
California Appeals Court Upholds Cap on Workers’ Comp Treatments
Jun 16 2008 // A Court of Appeal in California rejected a constitutional challenge to the number of visits a worker is entitled to for chiropractic, physical therapy or occupational therapy visits under the state’s workers’...
California Regulator Says Insurance Needs Local Regulation, More Modernization
Jun 16 2008 // Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance...
Workers’ Comp Insurance Deserves Extra Caution in Construction Market
Jun 16 2008 // Move from Residential to Commercial Construction Increasing Risk Severity Following legislative reforms, the slowing economy and soft market conditions, workers’ compensation insurance carriers are eager to build...
Premium Financing Compensation Disclosures: Are You in Compliance?
Jun 16 2008 // Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code...
California Launches Workers’ Comp Enforcement Program
Jun 16 2008 // The California Department of Industrial Relations has launched an Insurance Coverage Program, an enforcement program designed to identify and target employers who fail to carry workers’ compensation insurance. DIR...
Brokerage Stocks Down; M&A Activity Continues at Strong Pace but Slower Than 2007
Jun 16 2008 // Stock Prices: The brokerage sector as a whole is down 3 percent for the year. Among middle-market brokers, Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peers Brown & Brown (NYSE:BRO), down...
California Roundtable To Create Incentives for Disaster Preparation, Fire Mitigation
Jun 13 2008 // After bringing together insurance industry executives, consumer groups and fire officials to discuss preparations for future potential fire disasters at a roundtable held on May 12, 2008, California Insurance Commissioner...
Northern California Wildfires Forces Hundreds to Flee Homes
Jun 13 2008 // Firefighters struggled to gain control of a series of wind-driven wildfires burning across Northern California, including a raging forest fire that forced hundreds to flee their homes in the Santa Cruz Mountains. The...
Insurance Experts Headed to California Summit Fire Disaster Areas
Jun 12 2008 // California Insurance Commissioner Steve Poizner deployed Department of Insurance consumer information experts to assist Santa Cruz’s Summit Fire survivors on the road to recovery. Gov. Arnold Schwarzenegger announced...
Mercury Provides California Policyholders $61 Million Rate Reduction
Jun 12 2008 // George Joseph, founder and chairman of Mercury General Corp. announced the company has filed for and was approved for a 33 percent rate reduction for homeowners and 10 percent rate reduction for renters insurance...
