Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
S&P Assigns Calif.-Based Alistar ‘R’ FSR
Apr 23 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to Alistar Insurance Co. after learning that the California Department of Insurance applied for and was granted a conservation order...
State Farm Puts Moratorium on Calif. Homeowners’ Insurance
Apr 22 2002 // Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice. “We’ve been facing some real...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
PIFC Claims Higher Costs and Disruption in Homeowners Costs if SB 1763 Passes
Apr 17 2002 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC) remarked that SB 1763, a bill authored by Senator Deborah Ortiz requiring all property and liability insurance policies to cover mold...
Calif. Bill Would Make Insurers Provide Mold Coverage
Apr 16 2002 // A bill mandating mold damage coverage in all property and liability insurance policies would force all California consumers to pay significantly more for their homeowners and renters policies, according to the National...
NAII Says Calif. Privacy Would Create Unnecessary, Costly, Overlapping Rules
Apr 16 2002 // Legislation addressing the privacy of consumer information would impose unjustified restrictions on a California insurer’s ability to share information with affiliated companies and would create confusing,...
Calif. Agents and Companies Recognizing Trusted Choice Benefits
Apr 16 2002 // More California insurance companies, as well as IBA West agent and broker members have joined Trusted Choice (SM)-a new brand created by the Independent Insurance Agents of America (IIAA) to better communicate the...
Long Beach, Calif. Woman Surrenders on Fraud Charges
Apr 16 2002 // A Long Beach, Calif., woman surrendered on an outstanding warrant related to felony insurance fraud charges. Yvonne Boyce allegedly slipped and fell while on the job in 1998 injuring her shoulder. She proceeded to receive...
FREMONT GENERAL SEES PROFIT, CONSIDERS SALE
Apr 15 2002 // California-based financial services company Fremont General Corp. has reported a fourth-quarter profit, moving from a loss from a year earlier, when it recorded large losses in its workers’ compensation insurance...
CALIF. RETROACTIVE PREMIUM TAX TO BE REVIEWED
Apr 15 2002 // According to the American Insurance Association (AIA), the California Office of Administrative Law (OAL) has accepted their request to review the California Department of Insurance’s (CDI) recent retroactive premium...
Underground Storage Tanks: Word Leaks Out on Cover Enforcement
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
Agents Oppose Proposed Increase for Driving Record Fees
Apr 15 2002 // By allowing this increase, the Department of Motor Vehicles (DMV) will be allowing an unnecessary burden on the California public, who would, eventually, be the ones paying for the increase.” Those were the...
CDI Receives Conservation Order for Fresno’s Alistar Insurance Co.
Apr 12 2002 // The California Department of Insurance (CDI) applied for and was granted a Conservation Order April 11 in Fresno County Superior Court for Alistar Insurance Company. The CDI has been working with the company in the past...
AAA of Southern Calif. Licenses ISO Claims Outcome Advisor
Apr 12 2002 // The Automobile Club of Southern California has licensed Claims Outcome Advisor ™ (COATM), an injury claims-management solution from ISO Claims Services, Inc., a subsidiary of Insurance Services Office, Inc. (ISO), to...
Redding, Calif. Man Arrested on Six Felony Counts of Fraud
Apr 11 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch Fraud Division arrested a Redding man on six felony counts of insurance fraud, six counts of grand theft and one count of...
AIA Files Appeal with Calif. Board of Equalization on Retroactive Workers’ Comp Tax
Apr 11 2002 // The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California Board of Equalization (BOE), the state’s highest tax policy...
Calif. Committee Approves Changes to Low-Cost Auto Program
Apr 9 2002 // A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists. “No...
Woodland, Calif. Homeowners to Purchase Flood Coverage
Apr 9 2002 // Woodland, Calif. homeowners are likely to soon receive letters from their mortgage letters requiring them to purchase homeowners insurance, according to the Sacramento Bee. The Federal Emergency Management Agency (FEMA)...
Joint ‘I’ Day Focuses on Hard Market
Apr 5 2002 // “Submissions are coming in by the truckload. Renewals obviously are something that we’re very concerned about, said Derek Borisoff at this year’s Joint ‘I’ Day in Universal City,...
Third Individual Charged in Calif. Commissioner Scandal
Apr 4 2002 // Los Angeles resident Ronald Leo Weekley has become the third individual to be charged in the scandal that ultimately drove former California Insurance Commissioner Chuck Quackenbush to resign from office. According to the...
