Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
RIMS Survey Says Workers’ Comp Affecting Calif. Businesses
Apr 14 2004 // The Risk and Insurance Management Society (RIMS) received 261 responses from corporate risk managers regarding the workers’ compensation system in California supporting a conclusion that California may be losing jobs...
U.S.I. Holdings to Acquire Los Angeles-based Dodge, Warren & Peters
Apr 13 2004 // U.S.I. Holdings Corporation (“USI”) announced that it has completed due diligence and entered into a definitive agreement to acquire Los Angeles, Calif.-headquartered Dodge, Warren & Peters Insurance...
SIAA Announces New Master Agency in California
Apr 13 2004 // SIAA Inc., a network of partnering independent insurance agencies in the country, announcesdthat Access Insurance Services, Inc. in Arcadia, Calif. has established ACCESS Independent InsurancePro Alliance as a SIAA Master...
S&P Report Warns Calif. Workers’ Compensation More Precarious Now
Apr 12 2004 // The California State Compensation Insurance Fund (SCIF) could be heading toward insolvency, according to a new report from Standard & Poor’s Ratings Services. Recent legislative initiatives in the state threaten...
CDI Files Lawsuit Against State Fund
Apr 7 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...
California Man Pleads Innocent to Tracking Co-worker’s Computer Keystrokes
Apr 7 2004 // A former insurance claims manager accused of planting a keystroke recording device on a workplace computer has pleaded innocent in federal court. Larry Lee Ropp, 46, was indicted last month on one count of endeavoring to...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Is Carrier Solvency a Worry on Everyone’s Mind’
Apr 5 2004 // Carrier solvency is on the tip of everyone’s tongue. It is the one issue everyone in the industry has to be concerned about. It isn’t just the staggering record losses sustained by the industry from the 9/11...
Agents Learn about Opportunities, Challenges at Agribusiness Conference
Apr 5 2004 // The Insurance Brokers and Agents of the West (IBA West) and Insurance Skills Center sponsored the 17th Annual Agribusiness Conference held March 17 and 18 in Sacramento. The nation’s largest agricultural conference...
Calif. Attorney Sentenced in Fraud Ring
Apr 5 2004 // A five-year undercover investigation into a staged auto collision ring came to a conclusion recently with the sentencing of the final attorney implicated by the joint efforts of the California Department of Insurance (CDI)...
Surplus Lines Products For Homeowners – Salvation or Cause for Concern’
Apr 5 2004 // In 2004, the California homeowners and dwelling marketplace continues to erode. In October 2003, catastrophic wildfires destroyed 790,000 acres of brush and forest land, and along the way destroyed 3640 homes, 1141...
People and Places
Apr 5 2004 // Caryn Siebert Caryn Brenna Siebert has been selected as president and CEO of Orange, Calif.-based Carl Warren and Company. Siebert previously served as vice president & national director of claims operations at Safeco...
CIWA Endorses Civil Justice Association of California’s Ballot Initiative
Apr 2 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...
Insurex, Frontier General Launch New Calif. Workers’ Comp Product with ACE Casualty Risk
Apr 1 2004 // San Diego-based insurance brokerage Insurex Inc. and Oakland, Calif.-based Frontier General announced the release of a new workers’ compensation product in California with ACE Casualty Risk, a division of ACE USA....
Dozens Arrested for Auto Body Insurance Fraud in Northern California
Apr 1 2004 // A multi-agency enforcement unit conducted a sweep April 1 that has to date resulted in the arrests of 27 suspects following a year-long undercover investigation into auto body insurance fraud. Warrants were issued by the...
PAULA Financial Reports Net Income for Fiscal 2003
Mar 31 2004 // PAULA Financial reported net income for the fourth quarter of 2003 of $0.08 per share compared to $0.03 per shares for the 2002 period. Total revenue for the fourth quarter of 2003 was $5.2 million compared to $4.0 million...
California Governor Optimistic About Reaching Deal on Workers’ Comp
Mar 31 2004 // Governor Schwarzenegger is optimistic about reaching a deal with lawmakers soon on reforming the state’s workers’ comp system, according to Reuters. The governor and legislators have been in talks for days, but...
Nine “Insider Insurance” Conspirators Arrested in California
Mar 30 2004 // State Insurance Commissioner John Garamendi announced the arrests of nine suspects today by the California Urban Auto Fraud Task Force for embezzlement, conspiracy and tax evasion in connection with an...
Former N.Y. Arena Football Star Arrested on Workers’ Compensation Fraud in Calif.
Mar 30 2004 // Superintendent of Insurance Gregory V. Serio announced that Chris Perry, a former star on the Buffalo Destroyers arena football team, has been arrested in California on grand theft charges.Perry, who began collecting New...
New Appointments at Calif.-based ABD
Mar 29 2004 // Redwood City, Calif.-based ABD Insurance and Financial Services announced several new appointments. Sam Jones will become president, Property/Casualty. Jones assumes responsibility for the company’s entire...
