Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Senate Committee Passes SB 150, SB 603
May 2 2005 // Last week the California Senate Banking, Finance and Insurance Committee approved two measurers that are detrimental to the underwriting process and will increase costs for consumers, says the American Insurance...
PIFC: Garamendi’s Proposed Homeowner Regs Flawed
Apr 29 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...
New Wholesaler Launched in Southern Calif.
Apr 28 2005 // Kari Ogden, Robin Robb and Joe Rowland announced the opening of TB&C Wholesale Brokerage, which will offer excess and surplus line products and services in offices located in Pasadena and Orange County, Calif. Ogden...
Suspects Arrested in Alleged Car Theft Ring in California
Apr 28 2005 // Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for...
PIFC Comments on Calif. Earthquake Authority’s Financial Stability
Apr 28 2005 // The following statement was released by Dan Dunmoyer, president of the Personal Insurance Federation of California, in response to comments made by California State Treasurer Phil Angelides at the California Earthquake...
Broker Compensation Bill Defeated in Calif. Committee
Apr 28 2005 // The American Agents Alliance reported that SB 938 (Dunn) was heard and defeated in the Senate Banking, Finance and Insurance Committee yesterday by a 2-5 vote. The bill, which the Alliance and other insurance trade groups...
California Panel To Consider Anti-Consumer Insurance Bills
Apr 27 2005 // The Senate Banking, Finance and Insurance Committee this week will consider three bills that have one thing in common – provisions that ultimately will hurt consumers if enacted, according to Sam Sorich, president of...
NAMIC Says Calif. Commissioner Continues Search for Problem to Solve on Broker Compensation
Apr 27 2005 // California Insurance Commissioner John Garamendi’s hoped-for regulations on the professional duties of an agent or broker propose solutions to problems that have yet to be identified according to the National...
California’s WCIRB Report on Dec. 31, 2004 Insurer Experience Released
Apr 26 2005 // California’s WCIRB has completed its quarterly report summarizing the most current insurer loss and premium experience as of Dec. 31, 2004. Among the highlights of the report are the following: The average statewide...
Farmers Announces Another California Workers’ Comp Rate Reduction
Apr 26 2005 // The Farmers Insurance Group of Companies announced a 10 percent rate reduction in workers’ compensation rates for its California business customers. Since 2004, Farmers has slashed its workers’ compensation...
Allstate Sues Defunct California Auto Repair Co.
Apr 25 2005 // Insurance giant Allstate Corp. on April 22 sued the liquidator of an out-of-business automotive repair company that has held about 1,000 cars awaiting collision repairs until its assets are sold. Allstate filed a Superior...
Calif. Commissioner Comments on Workers’ Comp Pure Premium Rate Hearing
Apr 25 2005 // The following statement is from California Insurance Commissioner John Garamendi in regards to today’s workers’ compensation pure premium rate hearing: “The information I received today is very...
Lawson-Hawks Adds Dillenback & LoManto Insurance Agency, Opens New Calif. Office
Apr 22 2005 // John Miller, CEO of California-based Lawson-Hawks Insurance Associates, announced a pair of events in the history of the 68-year-old insurance brokerage intermediary. During the week of April 1, Lawson-Hawks both closed on...
Calif. Sen Feinstein Reacts to Asbestos Compensation
Apr 22 2005 // U.S. Senator Dianne Feinstein (D-Calif.) joined Senators Arlen Specter (R-Pa.), Patrick Leahy (D-Vt.), Orrin Hatch (R-Utah), at a news conference recently to discuss bipartisan legislation creating a national trust fund to...
NAMIC Opposes Calif. Commissioner’s Proposed ‘Use it and Lose it’ Regulations
Apr 21 2005 // The National Association of Mutual Insurance Companies (NAMIC) said it opposes California Insurance Commissioner John Garamendi’s proposed “Use it and Lose it” regulations. Garamendi alleged that...
21st Century Insurance Group Reports Q1 Results
Apr 20 2005 // Woodland Hills, Calif.-based 21st Century Insurance Group reported net income of $19.4 million ($0.23 per share) for the first quarter of 2005, compared to $19.8 million ($0.23 per share) for the same period in 2004. The...
AIA: SB 899 Makes a Difference to Work Comp System
Apr 20 2005 // April 19 marks the anniversary of the signing of SB 899, the third of three significant workers’ compensation reform measures enacted during the past few years by California’s elected officials. Together, these...
ACIC President Responds to California Commissioner’s Homeowners Insurance Proposal
Apr 20 2005 // Calling insurers “dead wrong” for canceling or non-renewing homeowners who file a legitimate insurance claim, California Insurance Commissioner John Garamendi announced new regulations to protect homeowners...
CA DWC Releases First Annual Report of Progress on Workers’ Comp Reforms
Apr 18 2005 // The California Division of Workers’ Compensation (DWC) has released its first annual report of progress on implementation of Senate Bill (SB) 889, the law authorizing workers’ compensation reform passed...
Calif.’s AB 925 Could Mandate Insurers to Invest in Under-served Communities
Apr 18 2005 // California Insurance Commissioner John Garamendi and Assembly member Mark Ridley-Thomas (D-Los Angeles) introduced AB 925, a new piece of legislation that would require insurers to make investments in low- and...
