Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Bill Aims to Add Accountant to Calif. State Fund Staff
Jun 14 2007 // The California Assembly has passed a bill, which would require the organization to add a certified public accountant to its staff. Additionally, the bill would require SCIF’s board of directors to appoint a...
Calif. Signs Operating Agreement with German Insurance Department
Jun 12 2007 // California Insurance Commissioner Steve Poizner signed a memorandum of understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the regulatory and supervisory body for all insurance business...
Lawmakers’ Driving Claims Cost California Taxpayers
Jun 11 2007 // Lawmakers using state-issued vehicles filed auto insurance claims at a far higher rate than the general public, costing California taxpayers nearly $90,000 the past two years, according to records obtained by The...
Voluntary Beef Recall Expands
Jun 11 2007 // A meat supplier expanded a voluntary recall of ground beef products because they may be contaminated with E.coli. United Food Group LLC said in a statement it expanded the recall of 75,000 pounds of ground beef to include...
Calif. Fraud Task Force Holds Innagural Meeting
Jun 11 2007 // California’s Advisory Task Force on Insurance Fraud held its first meeting last week, with the goal of creating innovative methods to combat insurance fraud and forwarding an aggressive anti-fraud campaign introduced...
Calif. Assembly Passes New Rate Requirements for Health Insurers
Jun 8 2007 // The California Assembly has approved a bill requiring insurance companies to get approval by the Department of Managed Health Care or the Department of Insurance before they can increase the amount of their premiums,...
New California P/C Brokerage Firm Formed
Jun 7 2007 // Trident IV L.P., a private equity fund managed by Stone Point Capital, announced that it, along with John G. Hahn and Dan R. Francis, have committed to invest up to $100 million to form Edgewood Partners Insurance Center,...
Calif. State Fund To Receive $113,000 For Workers’ Comp Fraud
Jun 6 2007 // San Diego County Superior Court Judge Fred McGuire has ordered a San Diego construction firm owner to pay the California State Compensation Insurance Fund $113,327 in restitution for defrauding the workers’...
Consumer Group Challenges Fireman’s Fund’s Calif. Earthquake Rates
Jun 6 2007 // Consumer advocates have filed a challenge to block a proposed 25 percent increase in Fireman’s Fund’s earthquake insurance rates in a move that they say could save each of the company’s earthquake...
Insurers try to prevent losses in wildfire hotspots
Jun 4 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Calif. Commissioner could seek Allstate refunds
Jun 4 2007 // California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. In May, the insurer...
People and Places
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
Calif. permanent disability cuts ruled invalid
Jun 4 2007 // A Workers Compensation Appeals Board judge has invalidated California’s rating schedule that cut injured workers’ permanent disability compensation. According to the California Applicant Attorneys Association,...
News Currents
Jun 4 2007 // Calif. permanent disability cuts ruled invalid A Workers Compensation Appeals Board judge has invalidated California’s rating schedule that cut injured workers’ permanent disability compensation. According to...
Calif. Commissioner could seek Allstate refunds
Jun 4 2007 // California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. In May, the insurer...
Insurers try to prevent losses in wildfire hotspots
Jun 4 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
People
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
Fraud Roundup
Jun 4 2007 // Hawaii producer’s license revoked Hawaii State Insurance Commissioner J. P. Schmidt revoked the insurance producer license of Amy Pohaiokalani Fernandez (aka Amy Pohaiokalani Waikiki and Pohai Waikiki) and fined her...
Personal Lines Leaders
Jun 4 2007 // Agency Name 2006 Personal Personal Total 2006 Main Office Main Office Web site Lines Lines P/C Premiums City State Premium Revenue Written 1 Keystone Insurers Group $316.0 million $39.5 million $790.0...
58 Arrest Warrants Issued in Calif. for Workers’ Comp Fraud
May 31 2007 // Law enforcement officers from five Calif. counties have served 58 arrest warrants for insurance fraud and related charges, such as grand theft, receiving stolen property and perjury, following investigations of alleged...
