Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Obama Vows Climate Action Despite Financial Crisis
Nov 19 2008 // Barack Obama said Tuesday that the United States would “engage vigorously” in climate change talks when he is president, and he pledged to work to reduce emissions sharply by 2020, despite the financial...
Firefighters Make Gains on Southern California Wildfires
Nov 18 2008 // Firefighters made progress on extinguishing the fires burning in Southern California yesterday, thanks to reduced wind conditions. To date, three of the five fires have been contained, although more than 44,000 acres have...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
California Mobile Homes Could Face New Fire Prevention Building Codes
Nov 18 2008 // In response to the fires burning in Southern California, Gov. Arnold Schwarzenegger has declared states of emergencies in Orange, Riverside, Los Angeles and Santa Barbara counties. Meanwhile, the Governor indicated during...
Southern California Battles Devastating Wildfires
Nov 17 2008 // Southern Californians weathered a fourth day of devastation on Sunday, as wind-blasted wildfires destroyed hundreds of residences, shut down major freeways and forced thousands of residents in the path of flames to flee to...
Explorer Insurance Cuts California Auto Rates 15 Percent
Nov 17 2008 // California Insurance Commissioner Steve Poizner announced a 15 percent rate cut for Explorer Insurance Co.’s auto insurance policyholders, saving them approximately $3.4 million. Explorer Insurance initially filed...
California Sends Assistance to Fire Victims
Nov 17 2008 // California Commissioner Steve Poizner has deployed more than two dozen California Department of Insurance (CDI) fraud division investigators to assist local law enforcement at the Sayre Fire in Southern California. CDI...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
Nov 17 2008 // The skies are filled with smoke, and thousands of homeowners being evacuated from their homes in Southern California. It has been a weekend of devastation with the fires still ablaze. Our Saturday night’s plans...
California Commissioner Declares Insurance Emergency to Expedite Fire Claims Processing
Nov 17 2008 // California Insurance Commissioner Steve Poizner declared an insurance emergency to cut red tape and allow insurance companies to use out of state adjusters to more quickly work through the spate of fire...
Business Moves
Nov 16 2008 // Medicus Insurance Company Medicus Insurance Company has been approved to write medical professional liability insurance in Arkansas. Medicus is a Texas-based insurance company specializing in providing medical professional...
Tough Economic Times Could Force Salary Freezes in Southern California
Nov 16 2008 // Given today’s tough economic times, most insurance agencies and carriers in the Southern California region are not planning to give their employees cost of living increases in 2009, although many companies have not...
Declarations
Nov 16 2008 // Financial Myth “This is a financially dangerous myth. … Just because the resale value of your home may have declined does not mean that the cost to rebuild it has also dropped—and that should be your target....
Business Moves
Nov 16 2008 // Employers Holdings, AmCOMP Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance specializing in small businesses, acquired AmCOMP Inc. in a...
How to Control Construction Claims in a Collapsing Homebuilders’ Market
Nov 16 2008 // Working with Experienced Homebuilders, Rigorous Inspections and Defect Remedies Reduces the Risk from Possible Shortcuts A significant increase in unsold assets represents a substantial hole in the balance sheet for...
Wanted: Agencies Focusing on Hispanic Market
Nov 16 2008 // Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products,...
Study: California Earthquake Could Cause $200 Billion in Losses
Nov 16 2008 // If a magnitude 7.0 earthquake occurred on California’s Hayward Fault, it would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured, according to a study...
Brooke Corp. Troubles Continue as Stock is Sold
Nov 16 2008 // Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has...
What the 2008 Election Means for California’s Insurance Agents
Nov 16 2008 // For those of you who weren’t aware, the November 4th election brought some good news for insurance agents in California: another one of us was elected to the State Assembly. Jeff Miller, currently Mayor of the City...
California Arrests Husband and Wife in $10,000 Insurance Fraud Scheme
Nov 14 2008 // California Insurance Commissioner Steve Poizner announced the arrests of Robert and Lisa Franklin of Artesia, on five counts of felony grand theft, five counts of diversion of premiums. In addition, Mrs. Franklin was...
