Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
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...
Antelope, Calif. Man Faces Auto Fraud Charges
Nov 11 2002 // Rafael Gonzalez, 30, of Antelope, was arrested by the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division on two felony counts of insurance fraud. Gonzalez purportedly reported...
BR Corp. Purchases Calif. Broker
Nov 8 2002 // Bertholon-Rowland Corp. (BR Corp.) announced its purchase of Travel Insurance Services (TIS) of Walnut Creek, Calif., an agency that has served the global travel community since 1973. “This acquisition is an...
The National Alliance Producer School Visits Calif. In Jan. 2003
Nov 8 2002 // The National Alliance School for Producer Development will conduct an intensive, three-week producer training school in the San Francisco, California area Jan. 19 through Feb. 7, 2003. The National Alliance School for...
Hub International Plans Growth in Southern California
Nov 7 2002 // Hub International Limited announced that it has reached an agreement in principle to purchase the stock of Hooper, Hayes & Associates Inc., a Los Angeles-based insurance brokerage firm founded in 1946. Included in the...
WCIRB Releases 2003 Basic Underwriting Manual
Nov 6 2002 // To facilitate the filing of insurer rates with the California Department of Insurance, the WCIRB has updated the advisory California Basic Underwriting Manual. The Basic Underwriting Manual may be viewed at...
Calif. Commissioner Prepares to Hand Over Reins
Nov 6 2002 // “I would say that the availability of insurance at reasonable rates continues to be a key challenge in the year 2002 and will be ongoing in the next year or two,” California Insurance Commissioner Harry Lowe...
Garamendi Captures Calif. Commissioner Position
Nov 6 2002 // With 99 percent of the precincts reporting, California’s first-elected Insurance Commissioner is headed back to the office he first occupied in 1991. Democrat John Garamendi garnered 47 percent of the vote...
Garamendi Releases Official Statement as Calif. Insurance Commissioner-Elect
Nov 6 2002 // Democrat John Garamendi, Calif.’s Insurance Commissioner-Elect, released an official statement today (Nov. 6, 2002) in regards to his victory. Garamendi won with an estimated 47 percent of the vote, defeating...
Mendoza Captures Mercury News, Californian Endorsements
Nov 4 2002 // Gary Mendoza, Republican Nominee for Insurance Commissioner, recently captured the endorsements of the San Jose Mercury News and the Bakersfield Californian. The News cited Mendoza’s strong pro-consumer record as...
Trio Arrested for Reported Involvement in Calif. Auto Fraud Scam
Nov 1 2002 // Investigators with the California Department of Insurance (CDI) Organized Auto Fraud Interdiction Task Force arrested a Rio Linda woman, along with her former common-law husband and his brother-in-law on multiple charges...
CNA Completes Sale of London Reinsurance Company
Nov 1 2002 // CNA Financial Corporation announced that it has completed the sale of its London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., a subsidiary of Artemis Group, the diversified French holding...
Calif. Casualty’s Brown Elected Second Vice Chair of NAII
Oct 31 2002 // Thomas Brown, chairman of the board and CEO of the California Casualty Management Company, was elected second vice chair at the National Association of Independent Insurers’ (NAII) Annual Meeting this week. Brown...
9th Annual Golf Tourney Raises $70,000 For Insuring the Children
Oct 30 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...
NAII Continues to Offer Value-Added Services
Oct 30 2002 // “Over the past 12 months, our industry has faced unprecedented challenges that have made our public policy and political advocacy efforts much harder,” National Association of Independent Insurers (NAII)...
