Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
California Aims To Improve Insurance Rate Approval Process
Apr 22 2008 // California Insurance Commissioner Steve Poizner has issued emergency regulations to clarify and streamline the prior approval rate system. The regulations are designed to make the rate filing process more efficient,...
American E&S Appoints Broker in Vacaville, California
Apr 22 2008 // Carole Brown has rejoined American E&S Insurance Brokers as vice president and financial services broker. She will be working in the Vacaville, Calif., branch and has more 15 years experience specializing in directors...
Scientists Say Midwest Earthquakes Poorly Understood
Apr 22 2008 // Scientists say they know far too little about Midwestern seismic zones like the one that rumbled to life under southern Illinois Friday (April 18) morning, but some of what they do know is unnerving. The fault zones...
Business Moves
Apr 21 2008 // Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in...
People
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
Declarations
Apr 21 2008 // P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests...
California Legislature Considers Changes to State Fund
Apr 21 2008 // California’s Legislature is considering changes to operations of the state’s largest workers’ compensation insurer. Senate Bill 1145 was recently heard by the Senate Banking, Finance and Insurance...
New Markets
Apr 21 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts &...
San Francisco Hosts 100th Earthquake Conference, Predicts What If Scenarios
Apr 18 2008 // More than 2,500 delegates from around the world gathered in commemoration of San Francisco’s 1906 earthquake at the 100th Anniversary Earthquake Conference — the largest earthquake conference ever held —...
California Judge Approves Ford Explorer Settlement
Apr 17 2008 // A California judge on Tuesday approved the settlement of a class-action lawsuit that will compensate about 800,000 Ford Explorer owners whose vehicles lost value because of a perceived rollover danger. The settlement ends...
California Earthquake Authority To Use New Science in Determining Rates
Apr 16 2008 // The California Earthquake Authority (CEA) announced today it will begin using a newly released, uniform scientific method in determining insurance rates and the most accurate prices for consumers. Partially funded by the...
Zurich Names Patton, Constantinou to Climate Initiative Team
Apr 14 2008 // Zurich Financial Services Group announced the appointment of Lindene Patton and Elpida Constantinou to key positions within its Climate Office, both will report to Michael Kerner, Global Chief Underwriting Officer and Head...
California Workers’ Compensation Insurer in the Midst of Change
Apr 11 2008 // California State Compensation Insurance Fund has been facing many changes recently, but it has no intent to be the dominant player in the state workers’ compensation insurance market, according to Janet Frank,...
FEMA Says California’s Sprinter Light Rail Dirt Changed Flood Plain
Apr 11 2008 // Some 100,000 cubic yards of dirt dumped on the edge of California’s Loma Alta Creek to elevate Sprinter light rail tracks could be costly for nearby residents and business owners. Federal Emergency Management Agency...
Study: California Workers’ Comp Claims Cost Decreasing
Apr 8 2008 // California’s Workers’ Compensation Insurance Rating Bureau has released a study that notes that following workers’ comp reform, statewide average ratios of loss adjustment expense (LAE) to loss per claim...
People
Apr 7 2008 // The Governing Board of the California Earthquake Authority has hired Glenn A. Pomeroy as CEO. Pomeroy has extensive experience in public service positions, including former commissioner of insurance of North Dakota. In...
Insurers Urge California Policyholders to Oppose Vehicle Repair Bill
Apr 7 2008 // Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Sen....
California Assembly Considering Insurance Agent-Broker Bill
Apr 7 2008 // A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee no later than April 16....
Cheldin Re-Elected Chair of California Insurance Association
Apr 4 2008 // Cary Cheldin, president of Crusader Insurance Co. in Woodland Hills, Calif., was re-elected to a traditional second, one-year term as chairman of the Association of California Insurance Companies’ (ACIC) Board of...
Nearly Dozen Arrested for $2 Million California Insurance Fraud Scam
Apr 4 2008 // California Insurance Commissioner Steve Poizner announced the arrests of nearly one dozen alleged Bay Area fraud perpetrators. Eleven subjects were arrested over the past week on numerous felony counts including insurance...
