Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Officials Press for Credit Lyonnais Indictment
Mar 5 2002 // Even though reports indicate French bank Credit Lyonnais is attempting to settle fraud charges related to its unsuccessful purchase of Executive Life Insurance Co., a number of high-ranking California officials are seeking...
PAULA Financial Subsidiary to Exit Workers’ Comp
Mar 4 2002 // PAULA Financial announced that its underwriting subsidiary, PAULA Insurance Company, will voluntarily cease underwriting workers’ compensation business effective immediately. This decision comes as a result of claims...
CDI Issues Notice to Retroactively Tax Deductible Workers’ Comp Policies
Mar 4 2002 // The American Insurance Association (AIA) issued the following statement in response to the California Department of Insurance’s (Department) decision to redefine deductible payments sent to workers’...
Calif. Commissioner Race Shifts Focus to Industry Contributions
Feb 28 2002 // As the race for insurance commissioner heats up in California, the focus shifts on industry contributions, and which candidates are accepting them. According to the Los Angeles Times, just two years after former Insurance...
NAII Says Alerting Calif. Data Reporting Requirements Would Invade Privacy
Feb 28 2002 // According to the National Association of Independent Insurers (NAII), proposed amendments to California’s data reporting regulations would continue to infringe on consumer privacy and impose an unfair financial and...
AAI Objects to Changes in Calif. Auto Rate Rules
Feb 27 2002 // Proposed changes to the way California allows insurers to compute auto insurance rates will result in a return to a confusing system that generates arbitrary rates, to the ultimate detriment of consumers, according to the...
CDI Urged to Wait before Implementing Proposed Privacy Regulations
Feb 25 2002 // We strongly encourage the Department to wait before they actually promulgate these regulations.” That sentiment was offered during testimony given Feb. 8, by Steve Young, senior vice president and general counsel for...
Decision Nears for Credit Lyonnais in ExecutiveLife Case
Feb 25 2002 // To prosecute, or not to prosecute. The U.S. Department of Justice continues to face that dilemma in its ongoing investigation of French bank Credit Lyonnais’ (CL) role in the takeover of Calif.-based Executive Life...
Former Calif. Insurance Commissioner Won’t Face Federal Charges
Feb 25 2002 // After several months of silence, former California Insurance Commissioner Chuck Quackenbush returned to the headlines, this time to be relinquished of any possible federal charges. According to the Sacramento Bee, an...
What Price Workers’ Comp’
Feb 25 2002 // As was widely expected, on Feb. 15, California Gov. Gray Davis signed a workers’ comp-related bill, AB 749 (Calderon & Burton), which had passed both the state’s House and Senate on Feb. 4. But while it...
PIFC TESTIFIES ON SALVAGED VEHICLES
Feb 25 2002 // The California Senate Insurance Committee convened a hearing with member companies of the Personal Insurance Federation of California (PIFC) to discuss how auto insurers are complying fully with state vehicle code laws...
CDI RELEASES AUTO PREMIUM SURVEY
Feb 25 2002 // The California Department of Insurance (CDI) announced the latest edition of the Automobile Insurance Premium Comparison Survey on its Web site at www.insurance.ca.gov. The new survey provides a baseline of premium...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
AAI Says New Calif. Workers’ Comp Law Takes Worker Safety to Higher Level
Feb 20 2002 // The California workers’ compensation reform bill signed into law Feb. 15 by Gov. Gray Davis (D) makes significant strides toward improving the safety of the state’s workers, according to the Alliance of...
Wash. Files Amicus Brief in Support of Calif. Holocaust Victims Relief Act
Feb 20 2002 // In a show of solidarity with the California Department of Insurance, the Washington Office of the Insurance Commissioner has filed an amicus brief in the United States Court of Appeals for the Ninth Circuit in support of...
Calif. Governor Signs Bill to Raise Benefits for Injured Workers
Feb 18 2002 // Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5...
Nacht Keynote Speaker at IICF Luncheons
Feb 18 2002 // Michael Nacht, Dean of the Goldman School Public Policy at the University of California, Berkeley will be the keynote speaker at the Insurance Industry Charitable Fund’s 2002 Kickoff Luncheons. The Northern...
Calif. Governor Signs Bill to Raise Benefits for Injured Workers
Feb 18 2002 // Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5...
Calif. Governor Signs Bill to Raise Benefits for Injured Workers
Feb 18 2002 // Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5...
Calif. Car Dealer Charged with Fraud
Feb 15 2002 // Mohamad Maita, 30, turned himself in to authorities after a warrant for his arrest was issued for five felony counts of insurance fraud. He was booked into the Sacramento County Jail, with bail set at $50,000. The...
