Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
CDS Makes Wildfire Hazard Model Available for Calif.
Aug 19 2002 // CDS Business Mapping, a source for online hazard mapping, has launched its Wildfire Hazard Model for California. The new service allows property insurers to perform brushfire lookups quickly and accurately, saving time and...
Agents Turn to State Department Web Sites to Stay on Top of Information
Aug 19 2002 // Whether it is obtaining information on licensing or getting the latest updates on fraud, many agents across the country rely on their respective state’s insurance department Web sites to get useful information. From...
AB 2996 Could Allow DMV to Arbitrarily
Aug 19 2002 // The California Department of Motor Vehicles (DMV) is attempting to create a way to raise the rates charged for motor vehicle reports through Assembly Bill 2996. Earlier this year, the DMV attempted to raise the rates from...
Agents Turn to State Department Web Sites to Stay on Top of Information
Aug 19 2002 // Whether it is obtaining information on licensing or getting the latest updates on fraud, many agents across the country rely on their respective state’s insurance department Web sites to get useful information. In...
Calif. Woman Arrested for Auto Fraud
Aug 19 2002 // Monique E. Henriquez, 37, of Elk Grove, Calif., surrendered to authorities in Sacramento County on four counts of insurance fraud. According to an investigation by the CDI, Henriquez’s State Farm automobile policy...
Tarzana, Calif. Agent Arrested for Fraud
Aug 19 2002 // Alfred Galoustian, 34, was arrested on a felony warrant charging six counts of grand theft. CDI investigators revealed that Galoustian allegedly worked as an insurance broker/agent in Tarzana, collected more than $7,500 in...
Calif.’s DIR Opposes Injured Workers Settling Claims in Bankruptcy Court
Aug 15 2002 // The California Department of Industrial Relations (DIR) and its Office of Self Insurance Plans (SIP) is reportedly opposing the bankrupt Henry Mayo Hospital’s reported attempt to force injured workers to resolve...
Garamendi Succeeds in Deleting Portion of Green Party Campaign Statement
Aug 15 2002 // John Garamendi, Democratic candidate for California Insurance Commissioner, succeeded this week in forcing Green Party candidate David Sheidlower to delete a portion of his ballot statement in the state voters’...
CEA Names Elaine Bush CEO
Aug 6 2002 // The Governing Board of the California Earthquake Authority announced the hiring of Elaine Bush, chief deputy commissioner of the California Department of Insurance, as the Authority’s new Chief Executive...
Calif. Broker Arrested for Alleged Grand Theft
Aug 6 2002 // Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch arrested a Cerritos insurance broker based on evidence gathered which allegedly shows the broker collected premiums and failed...
Calif. Authorities Bust Major Auto Fraud Ring
Aug 5 2002 // In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance...
Camino, Calif. Resident Charged with Fraud
Aug 5 2002 // John Eugene Carter, 38, of Camino, Calif. was arrested on one felony count of insurance fraud, one count of attempted perjury and booked into the El Dorado County Jail. Investigators with the CDI Criminal Investigations...
Community Investment Reporting and theIndustry – “CRA” California Style
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
Risk Retention-The Growing Role of the Alternative Market
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
U.S. Court Backs Calif. Law on Holocaust Issue
Aug 5 2002 // Commissioner Low was very gratified with the decision. From his perspective, this is a time-sensitive issue because some of these survivors are dying every day,” said Nanci Kramer, a spokesperson with the California...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Safeguarding Customer Privacy Creates New Issue for States
Aug 5 2002 // Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). Each...
NAII Authors Tentative Agreement to Take on ACIC
Aug 5 2002 // Saying it is a move that will benefit both groups, the National Association of Independent Insurers (NAII) has a tentative agreement in place to take on the Association of California Insurance Companies (ACIC). Joe...
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Aug 5 2002 // California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective Jan. 1, 2003 for new and renewal...
Calif. Authorities Bust Major Auto Fraud Ring
Aug 5 2002 // In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance...
