Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Colemont’s Northern California President Retires; Successor Named
Oct 28 2005 // Bob Amado, president of Colemont’s Northern California offices, announced today his plans to retire effective Jan. 1, 2006. “Bob has been an excellent steward of the Colemont name since he joined our firm in...
Calif. Auto Insurance Fraud Ring Lands Three Suspects in Jail
Oct 25 2005 // Three suspects have been arrested following an 11-month investigation by the California Department of Insurance of an auto insurance fraud ring that targeted car rental and insurance companies for fraudulent automobile...
NIAC & ANI-RRG Offering New Prior Acts Coverage
Oct 25 2005 // To assist nonprofits locked into claims-made forms the Nonprofits’ Insurance Alliance of California (NIAC) and Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) is now offering prior acts...
RIC Insurance General Agency Sold to Nor-Cal Investment Group
Oct 24 2005 // Ron Arndt, long time president of RIC Insurance General Agency Inc., has sold RIC to a Northern California investment group. Gary Kitchen is the new CEO of RIC Insurance General Agency Inc. and will reside in the Tustin,...
National Advantage Insurance Services Offering Preferred BOP
Oct 24 2005 // Clifford Mapes, president and CEO of National Advantage Insurance Services Inc., has announced that the company has added a new admitted Preferred BOP for small business accounts. This is an admitted program from A.M. Best...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Oct 20 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court ruled. The 2nd District Court of Appeal ruled in a case involving...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Oct 20 2005 // California Insurance Commissioner John Garamendi has announced a new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The new regulations are a result of a...
RemedyTemp Gains the Upper Hand in CIGA Workers’ Comp Case
Oct 20 2005 // RemedyTemp Inc., which operates as Remedy Intelligent Staffing and RemX Specialty Staffing, on Thursday said the California Supreme Court has decided not to hear an appeal by the California Insurance Guarantee Association...
Foremost Insurance Introduces Dwelling Fire in California
Oct 19 2005 // The Foremost Insurance Company, Grand Rapids, Mich., has introduced a dwelling fire program in California. Starting October 1, agents can start writing business designed to provide customers with insurance that other...
Acordia Purchases Assets of Cassidy Employee Benefit Services; Staff to Continue in California
Oct 18 2005 // Acordia Inc., a bank-affiliated insurance brokerage and a subsidiary of Wells Fargo & Company, has acquired the assets of Cassidy Employee Benefit Services in Pasadena, California. Cassidy Employee Benefit Services...
WCIRB Survey Indicates California Workers’ Comp Reform is Working
Oct 17 2005 // State workers’ compensation claims and disability costs have dropped significantly since California’s workers’ compensation system was overhauled in 2003 and 2004, according to the Workers’...
Ex-California Commissioner Low Praises His Successor, Garamendi
Oct 17 2005 // Former California Insurance Commis-sioner Harry Low is singing the praises of John Garamendi, who is both Low’s successor and predecessor as overseer of the state’s insurance industry. In a way, Low’s...
Case Law Watch
Oct 17 2005 // USAA Casualty Insurance Co. v. Anglum, et al. (Colorado, Sept. 12, 2005) Ruling: The court held that an USAA auto policy unambiguously permitted the insurer to charge an adjusted premium for a newly acquired vehicle from...
California Insurance Commissioner Campaigns Against Fraud
Oct 17 2005 // California State Insurance Commissioner John Garamendi has launched a statewide campaign to warn consumers about scams involving fake insurance policies. The Department of Insurance has cracked several fraud cases in the...
Continuing Battle against Wildfires Fuels Need for Insurance
Oct 17 2005 // As firefighters battled into last week trying to contain one of a number of brush fires in the Los Angeles area, residents throughout California are keeping a close eye on weather conditions and their insurance policies,...
Industry Associations Object to CDI Legal Opinion on Fiduciary Duties
Oct 17 2005 // The California Department of Insurance (DOI) recently released a legal opinion on insurance fiduciary duties that industry associations say is over-reaching and will adversely affect their members. In its opinion, the...
JUDGE THROWS OUT $700 MILLION JURY AWARD IN EXECUTIVE LIFE SUIT
Oct 17 2005 // A federal judge has thrown out a $700 million (euro586 million) award for punitive damages won by the state of California in a lawsuit stemming from the takeover of failed insurer Executive Life by French investors. U.S....
SCHWARZENEGGER SIGNS AUTO INSURANCE, SAFETY LEGISLATION
Oct 17 2005 // California Gov. Arnold Schwarzenegger has signed several bills dealing with automobile insurance and safety. SB 20 legislation will extend a low-cost auto insurance program through 2011. SB 150 requires insurance companies...
POLICYHOLDERS OF INSOLVENT INSURERS RECEIVE $386 MILLION
Oct 17 2005 // California Insurance Commissioner John Garamendi has announced that $386 million has been distributed this year to policyholders and claimants of insolvent (bankrupt) insurers liquidated through the state’s...
Continuing Battle against Wildfires Fuels Need for Insurance
Oct 17 2005 // As firefighters battled into last week trying to contain one of a number of brush fires in the Los Angeles area, residents throughout California are keeping a close eye on weather conditions and their insurance policies,...
