Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Acordia Acquires Feeney Durler West Insurance Services
Jan 21 2004 // Acordia,Inc., the fifth largest insurance brokerage in the U.S., and a subsidiary of Wells Fargo & Company, acquired Feeney Durler West Insurance Services, LLC. The agency’s professional staff will continue...
ICAC Donates $10,000 in Reward Money to Capture California Arsonist
Jan 19 2004 // The Insurance Committee for Arson Control (ICAC) has donated $10,000 and joined other private and public agencies to offer a reward for information leading to the arrest and conviction of the person or people who...
10th Anniversary of Northridge Earthquake Remembered
Jan 15 2004 // As the tenth anniversary of the Northridge earthquake approaches, Californians are constantly reminded that the ground in this state shakes 24-7, 365 days a year. The Northridge earthquake struck on Jan. 17, 1994. In less...
DM&A to Handle Claims for New Calif. Auto Program
Jan 13 2004 // Los Angeles-based claims administrator David Morse & Associates will be handling all claims for a new non-standard auto insurance program being sold in California by Sun Coast General Insurance Agency. As part of the...
Allstate Seeks $3.5M in Medical Fraud Lawsuit Against Calif. Chiropractor
Jan 13 2004 // Allstate Insurance Company and Allstate Indemnity Company began serving summons and complaints upon an Los Angeles County chiropractor and his wife, accusing them of taking part in schemes designed to defraud the...
CALIF. STAMPING OFFICE TURNS 65
Jan 12 2004 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) announced that Dec. 1, 2003 marks the 65th anniversary of the organization’s stamping office. On this date in 1938, California...
CALIF. FUND SEEKS RATE DECREASE
Jan 12 2004 // State Compensation Insurance Fund—California’s largest workers’ compensation insurance carrier—has filed for an average 2.9 percent rate decrease effective Jan. 1, 2004. The decrease is within the range...
CALIF. SEES REDUCTIONS IN WC RATE FILINGS
Jan 12 2004 // Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic...
Midwest Comp Market: Proceed With Caution
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...
FLA. OUTPACES NATION IN FRAUD CONVICTIONS:
Jan 12 2004 // Florida once again leads the nation in the number of insurance fraud convictions and cases presented for prosecution, according to a study released recently by the Coalition Against Insurance Fraud, a national alliance of...
Schwarzenegger Governs One-Eighth of the U.S. Population
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college...
Anniversary of Northridge Quake Prompts Physical, Fiscal Preparedness
Jan 9 2004 // Few people can forget the devastation of the Northridge earthquake, but for some, it’s all too easy to overlook how a major earthquake can leave personal finances in shambles. The Northridge quake caused more than...
NAMIC Report Details State Tort Reform Efforts
Jan 9 2004 // A report detailing state legislative efforts to reform the U.S. civil justice system was recently released by the National Association of Mutual Insurance Companies (NAMIC). The report, part of a NAMIC series regarding...
New California P/C Trade Association Formed
Jan 6 2004 // A new California state P/C trade association is being formed by a group of small and mid-sized California domestic insurers. The members write homeowners, auto and commercial lines except workers’ compensation and...
PIFC Elects Board Chairman and Officers for the 2004 Operating Year
Jan 6 2004 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Ron Coble, vice president and California state executive director, Farmers Insurance Group, was elected chairman of the...
SBAC Notes Major Calif. Workers’ Comp Initiative
Jan 2 2004 // In a move to combat California’s out-of-control workers compensation system, the Small Business Action Committee (SBAC) announced that it has filed an initiative to reportedly reduce the cost of the system by as much...
Calif. Court Upholds Mutuals’ Discretion on Dividends
Dec 31 2003 // A California Court of Appeals ruled that policyholders of mutual companies cannot compel directors to declare dividends unless they can provide evidence that the board failed to declare dividends due to fraud, oppression,...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
Calif. Agent Fees Up 10% in 2004
Dec 30 2003 // The California Department of Insurance sent out a reminder a few weeks ago reminding all insurance licensees that they will be ringing in the New Year with a 10 percent fee increase, the American Agents Alliance said in...
California Housing Market Sets Record, But Rising Prices Pose Challenges for First-time Buyers
Dec 23 2003 // The California housing market is poised to finish 2003 by setting new records across the board for the second consecutive year, according to a report, “State of the Housing Market 2003,” from the California...
