Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Acordia of Calif. Names Lucky Assistant VP for Wholesale P/C Sales
Dec 2 2002 // Evelyn Lucky has been named assistant vice president, Wholesale Property & Casualty Sales for Acordia of California. Based in San Francisco, Lucky is responsible for managing a team of three associates whose sales...
Pair of San Fernando Valley, Calif. Men Plead to Fraud Charges
Nov 29 2002 // As a result of a four-month investigation by the California Department of Insurance (CDI) Urban Auto Fraud Task Force in Valencia, two San Fernando Valley residents plead to insurance fraud charges. Timothy Caffery, 24,...
ACIC President Responds to Misleading Comments on Market Conditions
Nov 28 2002 // The following letter to the editor of the San Diego Union-Tribune, authored by Association of California Insurance Companies president Sam Sorich, is regarding insurers’ investment income impact on premiums and rates...
San Bernardino, Calif. Woman Arraigned on WC Fraud Charges
Nov 27 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division announced the arraignment of Emilia Sanchez, 37, of San Bernardino, Calif. Sanchez pled not guilty at...
Acordia of Calif. Names Bowers SVP, Marketing, Planning & Development
Nov 27 2002 // Richard Bowers has been named senior vice president, Marketing Planning and Development at Acordia of California Insurance Services Inc. Based in San Francisco, he will support both the wholesale and retail sales and...
Hull & Co. Acquires Gray-Stone’s Stockton, Calif. Office
Nov 26 2002 // Richard Hull, chairman and CEO of Hull & Company Inc., and Howard Stone, president of Gray-Stone & Company, recently announced the sale of Gray-Stone’s Stockton, Calif. office to Hull &...
NINTH ANNUAL GOLF TOURNEY RAISES $70,000 FOR INSURING THE CHILDREN
Nov 25 2002 // When insurance professionals and their guests from Los Angeles and Orange County convened at Dove Canyon Country Club on Oct. 14, they not only had a great day of playing golf, but they raised another $70,000 for their...
Calif. Commissioner Reflects on the Past, Looks to the Future
Nov 25 2002 // Insurance Journal staff writer Cynthia Beisiegel recently caught up with California Insurance Commissioner Harry Low at the NAII Annual Meeting in Los Angeles. Commissioner Low shared his thoughts on the improvements he...
5th Annual Bridge Week Draws Over 10,000 Hours of Service
Nov 25 2002 // The 5th Annual IICF Bridge Week wrapped up recently, followed by the Southern California luncheon featuring speaker Ken Venturi, a golf commentator, former PGA Tour professional, and humanitarian. The luncheon honored...
Mercury Casualty Affirmed
Nov 25 2002 // A.M. Best Co. affirmed the FSR of “A+” (Superior) for the Mercury Casualty Group (Los Angeles), as well as the FSR “A-” (Excellent) of American Mercury Insurance Group (Oklahoma City) subsidiaries...
Argonaut Subs Rated ‘A’
Nov 25 2002 // S&P assigned its “A” counterparty credit rating and FSR to the members of the Colony Intercompany Pool and to Argonaut Great Central Insurance Co. It also affirmed its “A” ratings on the...
Judith McNiff of Calif.-based Hayward Tilton & Rolapp Passes Away
Nov 22 2002 // Judith McNiff passed away suddenly on Nov. 9. McNiff worked as Commercial account manager at the Pasadena, Calif. office of Hayward Tilton & Rolapp Insurance Associates Inc. She joined the company in Sept....
Acordia of Calif. Names Richard Bowers SVP, Marketing Planning and Development
Nov 22 2002 // Richard Bowers has been named senior vice president, Marketing Planning and Development, of Acordia. Based in San Francisco, he will support both the wholesale and retail sales and retention efforts of Acordia’s...
Calif. Thoroughbred Trainers Form Own WC Captive
Nov 20 2002 // The California Thoroughbred Trainers have finalized a plan with American International Group (AIG) to form a captive that will provide their some 800 members with an affordable workers’ comp program. The captive, to...
PAULA Financial Reports Net Income for 3Q of 2002
Nov 19 2002 // PAULA Financial announced net income for the third quarter of 2002 of $0.02 per share compared to $0.20 per share for the 2001 period. For the nine months ended Sept. 30, 2002, the Company had net income of $0.06 per share...
Hacendia Heights, Calif. Man Pleads No Contest
Nov 18 2002 // On Nov. 13, 2002, as a result of a two-year investigation by the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division, Keith Aaron Hayes, 49, a resident of Hacienda Heights,...
Tarzana, Calif. Ins Broker Pled No Contest to Two Felony Counts
Nov 15 2002 // Alfred Galoustian, 34, pled no contest to two felony counts of grand theft. Galoustian was sentenced to 30 days in County Jail, 240 hours of community service, three years of summary probation, and ordered to pay...
Brown & Brown Announces Asset Acquisition Of Calif.-based MFC&V Ins Services
Nov 14 2002 // Kenneth D. Kirk, regional executive vice president of Brown & Brown Inc.; Robert Montgomery, CEO, and Susan Rodriguez, president of MFC&V Insurance Services Inc., with offices in Santa Barbara, Lompoc and...
Calif. Pair Sentenced in Insurance Premium Fraud Case
Nov 12 2002 // Two Sacramento area women pled guilty to charges of insurance fraud as a result of an investigation by the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division. Janet Mae Gudgel,...
Dramatic Market Change Hits Professional Liability
Nov 11 2002 // For most law firms, 2002 and 2003 will be challenging years in respect to securing professional liability insurance. The “new market” is similar to that of the mid-’80s and has caused consolidation of...
