Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
CIWA Annual Meeting Provides CE for Attendees
Jun 14 2004 // The California Insurance Wholesalers Association’s Annual Meeting to be held this week on June 17-18 in San Francisco at the Pan Pacific Hotel will also provide an exclusive continuing education presentation on the...
Sixth Defendant Involved in ‘Executive Life Affair’ Pleads Guilty to Deceiving Federal Regulators
Jun 10 2004 // A chartered accountant based in Paris pleaded guilty this week to aiding and abetting the concealment of material facts from the Federal Reserve Bank as part of a scheme that helped Credit Lyonnais illegally take over a...
ACIC Opposes Guarantee Fund Bill
Jun 10 2004 // The Association of California Insurance Companies (ACIC) is opposed to legislation that would retroactively make California consumers pay for faltering self-insurance programs instituted by school districts. The bill is...
Paiva Named Senior Legislative Advocate for PIFC
Jun 9 2004 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC) announced that Michael A. Paiva has joined PIFC as Senior Legislative Advocate, effective immediately. “Mr. Paiva has a wealth of...
Employers Direct Lowers Workers’ Comp Rates Again
Jun 8 2004 // Employers Direct Insurance Company (EDIC) announced another round of workers’ compensation rate reductions for California employers, bringing the total decrease to 20.9 percent from a year ago. The latest rate...
One-on-One with NIIA’s President Rick Aniello
Jun 7 2004 // Medical malpractice is hot on the list of concerns for Nevada’s independent agents, and the state as a whole. With physicians leaving the state due to the lack of affordable med-mal coverage, the crisis has caught...
Workers’ Compensation Legislative Reforms in California
Jun 7 2004 // Avoiding the Trap of Failed Promises After four months of debate and intense pressure from the business community, the California Legislature and Governor Arnold Schwarzenegger approved a comprehensive workers’...
Could the California Wildfires Have Been Predicted’
Jun 7 2004 // Lessons for Agents and Insurers In late October 2003, major wildfires broke out in five southern California counties, burning more than 750,000 acres, or an area the size of Rhode Island. These devastating fires burned for...
Garamendi’s Homeowners’ Bill of Rights Moves Ahead
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
People and Places
Jun 7 2004 // Bill Brennan Mark Nash Travis Trask Bill Brennan, Mark Nash and Travis Trask have become principals of San Diego-based Barney & Barney. Brennan began his career with Barney & Barney in 1996. Since then, he has...
Western Growers Urges Further Workers’ Comp Reductions
Jun 4 2004 // Following up on their successful plea for workers’ compensation rate reductions, Western Growers’ leadership again called on remaining insurance companies to decrease their rates. In April, the fresh produce...
Calif. Commissioner Warns of Unlicensed Insurer
Jun 4 2004 // California Insurance Commissioner John Garamendi has issued a cease and desist order to the National Employers Network, LLC, for operating without a license, putting its policyholders in serious financial peril. The firm,...
Calif. Supreme Court Rejects “Hybrid” Service Contract Theory
Jun 2 2004 // In a move that clarifies and upholds current state law, the California Supreme Court recently ruled that a vehicle service contract is not an express warranty and should be treated separately. In a May 27 decision, the...
AIA Issues Statement Regarding California Workers’ Comp Pure Premium Rates
Jun 1 2004 // The American Insurance Association (AIA) issued a statement in response to California Insurance Commissioner John Garamendi’s announcement of his pure premium advisory rate recommendation of 20.9 percent; the...
$110 Million from Settlement in Credit Lyonnais Case Transferred to Calif. Commissioner’s Office
Jun 1 2004 // $110 million paid by Artemis S.A. in a settlement with the United States Attorney’s Office in connection with the Credit Lyonnais criminal case has been transferred to the California Insurance Commissioner, United...
California Commissioner Recommends 20.9 Percent Decrease in Workers’ Comp Rates
May 28 2004 // California Insurance Commissioner John Garamendi has recommended that California workers’ compensation insurers lower their rates by 20.9 percent for policies issued or renewed on or after July 1, 2004....
Heritage General Agency Hires Mesa and Opens Northern California Office
May 27 2004 // Emily Lomax, senior vice president, division director of Heritage General Agency has selected Yvonne Mesa, y_mesa@heritagegeneral.com, to open HGA’s northern California office. Mesa comes aboard as assistant vice...
Zenith Files 10% Reduction in Calif. Workers’ Comp Rates
May 27 2004 // Zenith National Insurance Corp. reported that its wholly-owned subsidiary, Zenith Insurance Company, has filed with the California Department of Insurance its workers’ compensation rates for use on or after July 1,...
New Surplus Lines Brokerage Formed in California
May 24 2004 // Lionheart Insurance Services, a new surplus lines brokerage based in Calabasas, Calif., was recently formed. Lionheart will specialize in writing business for artisan contractors, apartments and restaurants, products...
ISU Welcomes Two New Calif. Offices
May 24 2004 // Two new agencies were admitted into the ISU National Network of Independent Agents effective the month of May, announced T.J. Ryan III, ISU International president. ISU Insurance Services – Atwood Agency of...
