Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
WIAA Fights Back Against Calif. Commissioner’s Proposed Regulations
Jun 20 2005 // The Western Insurance Agents Association has released a brochure on behalf of its member agents detailing its campaign to stop California Insurance Commissioner John Garamendi’s alleged excessive and unjust...
California Legislative Round Up
Jun 20 2005 // The following is an update on some of the key property/casualty insurance-related bills pending in the California Assembly and Senate. Measures that garner approval will be considered next in the second house. Measures...
News Briefs
Jun 20 2005 // WASH. CLIENTS ELIGIBLE FOR $14M FROM MARSH: More than 15,000 Washington businesses, associations, individuals and other organizations reportedly qualify for nearly $14 million in restitution offered by the nation’s...
Landslide Destroys Luxury Homes in Laguna Beach, California
Jun 20 2005 // A reported 15 homes are said to be destroyed on June 1 in Laguna Beach, California, due to a landslide in the Bluebird Canyon area, according to the Los Angeles Times. Only minor injuries have been reported. Approximately...
Allstate dropping most earthquake coverage nationwide
Jun 19 2005 // Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in...
No Damages Reported in Recent California Earthquake
Jun 16 2005 // California residents are slowly adding up the number of earthquakes hitting on or off the coast of the Golden State during the month of June. On Thursday, the U.S. Geological Survey reported that a moderate quake of 5.3...
State Fund Withdraws Plans for Home Office Expansion
Jun 15 2005 // State Compensation Insurance Fund has announced it has decided to not move forward with the plans for the construction of a new office building adjacent to its headquarters at 1275 Market Street in San Francisco. When the...
Porter Joins Majestic Insurance
Jun 15 2005 // Majestic Insurance Company announced the appointment of David Porter to the new position of marketing manager for Southern California. Reporting to John Hernandez, vice president of Marketing, Porter completes the...
Recent Calif. Quakes a Reminder of Possible Financial Aftershocks
Jun 15 2005 // After two sizeable earthquakes in less than a week, Californians have had a jarring reminder of their unsettled landscape. But with less than 15 percent of California homeowners purchasing earthquake policies, are their...
INB Insurance; Garland-Sturges & Quirk Merge to Form Cluster
Jun 13 2005 // Northern California insurance agencies INB Insurance Services Corporation and Garland-Sturges & Quirk Insurance Services Inc., announced they have formed a new insurance agency cluster. The cluster, to be called...
Investigation of Alleged Overbilling Lands Calif. Chiropractor, Legal Assistant Behind Bars
Jun 13 2005 // An Encino chiropractor and her legal assistant have been arrested and charged with two counts each of insurance fraud following an investigation by the California Department of Insurance (CDI) Fraud Division. Chiropractor...
Calif. Legislature Takes Action on Insurance Measures
Jun 13 2005 // The following bills were heard last week in the California legislature. Several measures are scheduled for consideration this week. Senate Transportation Committee – June 7 AB 1474 (Maze) Provisional Licensing...
California Residents Start Sunday on a Roll; 5.5 Quake Rattles Nerves, No Damages Reported
Jun 12 2005 // A moderate earthquake rattled most of Southern California early Sunday, shaking nerves along with homes and businesses. There were no immediate reports of any injuries or damage, according to authorities. According to the...
Calif. Wholesaler Sets Up Shop in East
Jun 9 2005 // An online wholesaler from California is setting up shop on the East Coast to attract new agents. Superior Access Insurance Services, Inc. is looking to enroll agents from New York, New Jersey, Massachusetts, Connecticut,...
Aon Risk Services Appoints Heffernan to Managing Director, San Jose, Calif.
Jun 8 2005 // Aon Risk Services Inc. announced that Michael Heffernan has been named managing director of the San Jose office. Heffernan, a recognized leader within the construction insurance market, was formerly co-national director of...
ACIC Supports Calif. Graduated Driver’s License Bill
Jun 8 2005 // Legislation supported by the Association of California Insurance Companies (ACIC) to extend restrictions placed on graduated drivers licenses won the approval of the Senate Transportation and Housing Committee. The bill,...
Former Stockton, Calif. Insurance Agent Sentenced
Jun 7 2005 // Cordell Bunton, of Stockton, California has been sentenced to six months in the San Joaquin County jail after pleading guilty to 10 felony and two misdemeanor counts that included grand theft, insurance fraud, forgery, and...
Ocasek Describes Stamping Office Operations at AAMGA University
Jun 6 2005 // Illinois’ surplus line association chief offered a history and overview of the group’s activities in a presentation to the 9th annual meeting of the American Association of Managing General Agents in Orlando,...
Los Angeles Area Quake Could Result in 7,600 Dead; Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
INSURERS LOSE IN STRINGFELLOW ACID PITS JURY TRIAL:
Jun 6 2005 // Insurance companies must pay to clean up a hazardous waste dump, the Stringfellow Acid Pits. A Riverside County, California jury on May 16, 2005 found in favor of the State of California and against CNA, Wausau, Yosemite,...
