Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Earthquake Bill Receives Criticism, Could Raise Rates
Oct 10 2007 // Critics of a bill recently signed by Gov. Arnold Schwarzenegger say more than 760,000 California homeowners who buy earthquake insurance through a state-run authority could see their premiums rise . But the measure’s...
Some Calif. Residents Return Home after La Jolla Landslide
Oct 10 2007 // Erinn and Alton McCormick had no idea when they bought their California house in June that it sat directly beneath a weak hillside. Last week, they found it buried up to the roofline by a wall of earth and cracked asphalt...
Calif. Agents Alliance Installs New Officers
Oct 9 2007 // The Alliance of Insurance Agents and Brokers helected new officers for the 2007-2008 year at its annual business meeting held Sept. 26-30. Elected were: President/CEO Joe Jimenez of CSIS Insurance; Vice President Scott...
Calif. Governor Signs Insurance-Related Bills
Oct 9 2007 // California Gov. Arnold Schwarzenegger has signed insurance-related bills into law, including those affecting the California Earthquake Authority, excess investment and auto insurance licenses. Senate Bill 430 was signed on...
Calif. Creates Senior Issues Task Force
Oct 9 2007 // California Insurance Commissioner Steve Poizner has created a task force for senior issues, and urged California seniors to be informed and cautious when considering their insurance options. “Many insurance options...
Calif. Supreme Court qualifies enforcement of class action waivers
Oct 8 2007 // The California Supreme Court has ruled that class action waivers in arbitration agreements are unenforceable if a court determines “that a class arbitration would be a significantly more effective way of vindicating...
Study: Homes in fire-risk areas of Sierra Nevada
Oct 8 2007 // More people are building homes in hazardous fire areas of the Sierra Nevada — increasing firefighting costs, according to a two-year study released by a conservation group. The Sierra Nevada is primarily in eastern...
Fraud Roundup
Oct 8 2007 // Former Los Angeles agent sent to prison A former Los Angeles insurance broker surrendered himself to authorities after being convicted of two fraud counts, the California Department of Insurance reported. Gurjeet Singh of...
State Fund severs ties with group administrator; issues update on audit
Oct 8 2007 // California’s State Compensation Insurance Fund has terminated its relationship with Western Insurance Administrators and resumed its relationship with Shasta Builders’ Exchange. “I can confirm we...
Fraud Roundup
Oct 8 2007 // Former Los Angeles agent sent to prison A former Los Angeles insurance broker surrendered himself to authorities after being convicted of two fraud counts, the California Department of Insurance reported. Gurjeet Singh of...
People
Oct 8 2007 // James M. McGlennon was appointed vice president and chief information officer for Liberty Mutual Agency Markets, a strategic business unit of Liberty Mutual Group. McGlennon is responsible for the information technology...
Study: Homes in fire-risk areas of Sierra Nevada
Oct 8 2007 // More people are building homes in hazardous fire areas of the Sierra Nevada — increasing firefighting costs, according to a two-year study released by a conservation group. The Sierra Nevada is primarily in eastern...
News Currents
Oct 8 2007 // California clarifies surplus lines rules for retail agents California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus...
Calif. Supreme Court qualifies enforcement of class action waivers
Oct 8 2007 // The California Supreme Court has ruled that class action waivers in arbitration agreements are unenforceable if a court determines “that a class arbitration would be a significantly more effective way of vindicating...
Arthur J. Gallagher Acquires Calif. Benefits Broker BIS
Oct 5 2007 // Arthur J. Gallagher & Co. has acquired BIS Insurance Services Inc. located in Sacramento, Calif. Terms of the transaction were not disclosed. Founded in 1979, BIS Insurance Services is an employee benefits insurance...
California To Raise Temporary Total Disability Rates
Oct 5 2007 // California’s Division of Workers’ Compensation announced that the temporary total disability rate for 2008 will increase to $916.33 per week. The maximum temporary total disability (TTD) rate will increase to...
Calif. Low Cost Auto Program Expanded to 20 Counties
Oct 3 2007 // California Insurance Commissioner Steve Poizner has expanded the California Low Cost Automobile Insurance program (CLCA) in 20 additional California counties: Amador, Butte, Calaveras, El Dorado, Humboldt, Kings, Lake,...
Poll: Californians Don’t Act On Instinct For Financial Preparedness
Oct 3 2007 // A vast majority of Californians consider it their responsibility to keep their insurance current, but don’t bother to read their homeowners policies each year, a new study has found. More than two-thirds of those...
Nationwide Decreases Calif. Homeowners Rates
Oct 2 2007 // Columbus, Ohio-based Nationwide Insurance Company of America announced it is cutting homeowners insurance rates in California an average of 9.4 percent. The decrease takes effect today, Oct. 2, 2007. Nationwide is also...
Certified School Risk Managers Program Launched in Calif.
Oct 2 2007 // The Certified School Risk Managers (CSRM) Program, which originated in Texas in 2005, has expanded into California, with several CSRM courses scheduled in the Los Angeles and San Francisco areas in coming months. The CSRM...
