Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Agent Pleads Guilty to Selling Phony Policies
May 3 2004 // California Department of Insurance (CDI) investigators are seeking additional victims in the case of a West Sacramento insurance agent/broker who sold phony policies to more than two dozen construction firms, bilking them...
People and Places
May 3 2004 // Redwood City, Calif.-based ABD Insurance and Financial Services recently announced several new appointments. Sam Jones Sam Jones will become president, property/casualty. Jones assumes responsibility for the...
Calif. Governor Wants Workers’ Comp Fix in a Week
May 3 2004 // West News • March 22 “I just wish the governor in my state had the backbone the “Terminator” appears to. Like California, our legislature (and our newly elected governor) is predominantly trial lawyers...
Alliant Acquires Gaddy Ward in Calif.
Apr 30 2004 // Alliant Resources Group, Inc., of Stamford, Conn., one of the largest U.S. insurance brokerage and financial services distribution companies, has acquired California-based Gaddy Ward & Company Insurance Brokers. Gaddy...
WCIRB Testifies at CDI Public Hearing
Apr 30 2004 // On April 29, the WCIRB testified at a California Department of Insurance (CDI) public hearing called to assess the impact of the recently-enacted Senate Bill 899 (SB 899) on advisory pure premium rates effective July 1,...
California DOI Improves Efforts to Combat Workers’ Compensation Fraud
Apr 29 2004 // Since taking office in January, 2003, Insurance Commissioner John Garamendi has worked vigorously to spur reform of the state’s broken workers’ compensation system. A top priority has been the effort to fight...
California Commissioner Launches Team to Investigate Wildfire Insurance
Apr 28 2004 // A team of attorneys and consumer advocates will be in place by week’s end to investigate complaints by hundreds of victims of last fall’s Southern California wildfires that their insurance companies...
SB 1315 Would Limit Consumer Choice, Violate California Constitution
Apr 28 2004 // The Association of California Insurance Companies (ACIC) is opposed to pending legislation, SB 1315, which would limit consumer choice on fire insurance policies and violate the California Constitution’s contract...
NIA Group Exceeds Expectations in 2003
Apr 28 2004 // While 2003 was another challenging year for nonprofits in terms of funding cuts, the NIA Group served the sector well by holding a steady course during a period of continued instability in the insurance marketplace. The...
AIA Welcomes Hoch As Director of California’s Division of Workers’ Compensation
Apr 27 2004 // The American Insurance Association (AIA) welcomed the April 26 appointment of Andrea Hoch as director of the California Division of Workers’ Compensation (DWC). Gov. Arnold Schwarzenegger (R) announced his...
Sturm Named COO for Tanner Insurance Brokers
Apr 23 2004 // Kenneth Sturm, a 28-year veteran of the insurance industry, has joined Pleasanton-based Tanner Insurance Brokers as chief operating officer. Tanner, one of the largest independent insurance organizations in California, was...
Bay Area Man Arrested on East Coast in $4 Million Insurance Fraud Scam
Apr 23 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested April 19th at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance...
Unlicensed Contractors Targeted to Protect California Wildfire Victims
Apr 21 2004 // Fifteen people have been charged with felony unlicensed contracting after an undercover operation to prevent fraud against victims of Southern California wildfires, officials said April 19. “We are sending a message...
Intracorp Says It Can Help Reduce Workers’ Comp Costs in California
Apr 20 2004 // Philadelphia-based Intracorp says that it can help slow down skyrocketing workers’ compensation costs through a new suite of managed care tools designed specifically for California companies. “With medical...
CWCI Details Calif. Workers’ Comp Reform Overhaul
Apr 20 2004 // Governor Schwarzenegger fulfilled one of his most ambitious campaign promises April 19 signing Senate Bill 899 (Poochigian), a comprehensive workers’ compensation bill that addresses many of the major cost drivers...
Garamendi, CDI File Lawsuit Against State Compensation Insurance Fund
Apr 19 2004 // Insurance Commissioner John Garamendi and the California Department of Insurance (CDI) filed a suit against State Compensation Insurance Fund (State Fund), California’s workers’ comp insurer of last resort, in...
CIWA ENDORSES CIVIL JUSTICE ASSOCIATION OF CALIFORNIA’S BALLOT INITIATIVE:
Apr 19 2004 // The California Insurance Wholesalers Association (CIWA), an industry group of wholesale insurance brokerage operations, has endorsed the Civil Justice Association of California’s Ballot Initiative to Reform...
Workers’ Compensation – Small- to Mid-Size Employer
Apr 19 2004 // Nuts & Bolts: Insurex Inc. and Frontier General announce the release of a new workers’ compensation product in California with ACE Casualty Risk, a division of ACE USA. The new product launched is called ACE...
Arrowhead’s Co-CEOs Ruyak, Walker Discuss Dual Leadership Structure
Apr 19 2004 // In just 20 years, Arrowhead General Insurance Agency Inc. has grown from a small general agency specializing in nonstandard automobile business in California, to one of the nation’s largest privately held general...
Court Decision Threatens Stability in California’s Insurance Market
Apr 19 2004 // If after 16 years of off-and-on court cases, attempting to interpret the ambiguous and contradictory language of Proposition 103 isn’t enough, this month, another interpretation came down from the Second District...
