Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. State Fund Files For Rate Decrease
Dec 4 2003 // 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...
Calif. Commissioner Announces Substantial Reductions in Workers’ Comp Insurers’ Rate Filings
Dec 4 2003 // 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...
Calif. State Fund Files For Rate Decrease
Dec 3 2003 // 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...
AIA Says Calif. Workers’ Comp Reforms Need More Work
Dec 2 2003 // Recently passed workers’ compensation reforms should reduce costs for California employers, but “now is the time to finish the job and completely fix what has become the most expensive, dysfunctional...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Appeals Court Orders Ford to Pay $23.7 million
Nov 28 2003 // A California appeals court has ordered Ford Motor Co. to pay $23.7 million in damages after the U.S. Supreme Court dismissed a $290 million award in the same case. According to Ford, the original $290 million award to the...
California Wildfire Claims Reach 12,700
Nov 28 2003 // According to recent reports, insurers have received more than 12,700 claims relating to the California wildfires. Losses from the fires that ravaged Southern California in October are now estimated to approach close to...
Former Calif. Agent Sentenced to Six Years
Nov 26 2003 // David Alfred Tetley, 50, a former insurance agent, was sentenced to six years in state prison and ordered to pay restitution to victims after pleading guilty to six felony counts of Financial Elder Abuse and Grand...
Repeal of Illegal Immigrant Driver License Bill Passes Calif. Senate Committee
Nov 25 2003 // As expected, a bill to repeal legislation allowing undocumented aliens to obtain California drivers’ licenses, passed from the Senate Transportation Committee by a 10-2 vote, the American Agents Alliance said. SBX3 1...
ACIC Commends Gov. Schwarzenegger for Addressing WC Issues
Nov 19 2003 // Gov. Arnold Schwarzenegger has displayed strong leadership in addressing workers’ compensation issues by calling the California Legislature into special session to enact further cost-saving reforms to the...
Calif. Commissioner Looking Forward to Working with Gov. for WC Reform
Nov 18 2003 // Calif. Insurance Commissioner penned the following letter to Governor Arnold Schwarzenegger on the day of his induction into office: Dear Governor-Elect Schwarzenegger: Congratulations on your upcoming inauguration! In...
Safeco Estimates Calif. Wildfire Losses
Nov 18 2003 // Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14...
French Government Gets Another Month to Reach a Settlement in ELIC Case
Nov 17 2003 // Oct. 27 was supposed to be the “day of decision” for the French Government to sign (or not sign) an agreement, reached between the U.S. Attorney General’s (AG) Office in Los Angeles and representatives of...
Insdustry Responds to Calif. Wildfires
Nov 17 2003 // The most devastating wildfires in California history have been fully contained, but the numbers reveal a destruction of staggering proportions: statewide, 740,000 acres have been scorched; more than 3,600 homes and the...
Allstate Announces Estimate of California Wildfire Losses
Nov 14 2003 // The Allstate Corporation announced that its pre-tax catastrophe losses related to the California wildfires, which began on Oct. 21, 2003, are preliminarily estimated to be between $290 and $330 million, $190 and $215...
SCPIE Holdings Announces Third-Quarter and Nine-Month Results
Nov 13 2003 // SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its third quarter and nine months ended Sept. 30, 2003. For the 2003 third quarter, SCPIE reported a net loss of $14.8 million, or...
S&P Comments on Calif. Wildfire Aftermath
Nov 12 2003 // The biggest wildfire in U.S. insurance history will neither undermine insurance ratings nor prompt a pricing surge in homeowners’ coverage in the state, according to the most recent research by Standard &...
Moody’s: Wildfires Will Hurt Insurers’ Bottom Line
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
State Orders Calif. Restaurants to Close Due to Lack of WC Coverage
Nov 10 2003 // State Labor Commissioner Art Lujan ordered the closure of nine International House of Pancakes (IHOP) restaurants in Sacramento and Fresno because the restaurants did not have a valid workers’ compensation insurance...
