Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AIA Opposes California Bill to Limit Home Inventories
May 26 2005 // A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will invite padding of claims and raise costs for all...
Calif. Senate Passes Bill to Help Homeowners Following Disasters
May 25 2005 // Insurance companies would be required to pay living expenses for two years instead of one for homeowners who lose their houses in fires or other natural disasters under a bill approved Monday by the state Senate. The bill,...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
May 25 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...
Calif. Broker Arrested on Seven Counts of Grand Theft
May 23 2005 // Insurance broker Robert Stephen Rice was arrested on seven felony counts of grand theft at his home in Thousand Oaks, California, by the CDI Fraud Division. The arrest is the result of an investigation by CDI. The Van Nuys...
Former California State Fund President Webb Passes Away
May 23 2005 // Former State Fund President Jack Webb, one of the most influential and colorful figures in the 91-year history of California’s workers’ compensation insurance system, died May 2, 2005. Webb had been undergoing...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 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...
National Workers’ Comp Combined Ratio Best Since 1997
May 23 2005 // The nationwide workers’ compensation calendar year combined ratio for 2004 dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s preliminary...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
Rodney Pierson
May 23 2005 // Twig Branch Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...
AUTHOR PULLS BILL MANDATING CALIF. INSURER COMMUNITY INVESTMENTS:
May 23 2005 // The author of a California bill that would mandate insurer community development investments withdrew the bill from consideration for this legislative session. Assemblyman Mark Ridley-Thomas will not pursue AB 925 relating...
CALIF. ASSEMBLY INSURANCE COMMITTEE APPROVES CREDIT-BASED INSURANCE SCORING BILL:
May 23 2005 // The American Insurance Association praised the California Assembly Insurance Committee May 5 for approving a measure implementing a modification of the national model law on the use of credit-based insurance scores...
IBA WEST SUBMITS TESTIMONY OPPOSING REVISED PROPOSED ‘BROKER FIDUCIARY DUTIES’ REGULATIONS:
May 23 2005 // IBA West submitted written testimony expressing strong opposition to the revised “Broker Fiduciary Duties” regulations proposed by California Insurance Commissioner John Garamendi. “While these...
News Briefs
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 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...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 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...
California’s State Fund Seminar on Workers’ Comp Fraud Draws Kern County Employers
May 20 2005 // As part of its commitment to fight workers’ compensation insurance fraud, State Fund held a seminar May 18 at the Valley Plaza’s Pacific Theatre where more than 200 Kern County employers heard State Fund and...
San Jose Chain Store Owners Plead Guilty in Workers’ Comp Scam
May 20 2005 // A San Jose, California husband and wife have pled guilty to charges of workers’ compensation premium fraud and will serve 14-month jail sentences and pay $2 million in restitution following a multi agency...
Independent Banks Partner to Save on Calif. Workers’ Comp Costs
May 19 2005 // Facing ever-increasing workers’ compensation costs, a group of California banks received approval from the FDIC and filed an application with the State of California to form a self-insurance group (SIG) and is...
CDI Reveals Former Highland Framers Owners Sentenced to 3 Years in Prison, $3.1M Restitution
May 19 2005 // Investigators announced that Jay Neal Wright, 52, a former Bay Area businessman and owner of Highland Framers of Northern California Inc., was formally sentenced in Alameda County Superior Court to three years in state...
Insurers Lose in Stringfellow Acid Pits Jury Trial
May 18 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,...
