Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
CDI Commissioner Conserves National Automobile & Casualty Company
Mar 18 2002 // California Insurance Commissioner Harry Low has conserved National Automobile & Casualty Insurance Company as a result of its insolvency. Domiciled in California and headquartered in Pasadena, the company is a wholly...
NAII Testifies In Opposition to Calif. Accident History Regulation Proposal
Mar 15 2002 // A proposed regulation that would restrict an insurance company’s access to information about accident history would make it difficult for California carriers to be certain that an individual is entitled to a good...
Mendoza Challenges Garamendi Not to Take Company Contributions
Mar 8 2002 // Having captured the Republican Party’s nomination for California Insurance Commissioner with 42 percent of the vote March 5, Gary Mendoza, former California Corporations Commissioner, is challenging his November...
Calif. AB 5 Revised to Ban Credit-Scoring
Mar 7 2002 // A California Senate bill amended recently would prohibit insurance companies’ use of credit-based insurance scores, which would force the vast majority of consumers to pay higher premiums, according to the National...
AAI Objects to Calif. Limits on Considering Persistency in Auto Rating
Mar 7 2002 // Alliance of American Insurers has submitted written testimony objecting to proposals by the California Insurance Departments to ban the use of “persistency” as a factor for setting auto insurance...
Garamendi, Mendoza to Square Off in November
Mar 6 2002 // A pretty decisive victory on the Democratic side, while the Republican race proved much closer than many analysts expected. Just another day in California politics. In the race for California Insurance Commissioner, former...
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...
