Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
NAII Claims CDI Unreasonably Forces Insurers to Provide Terrorism Coverage
Jan 10 2002 // California State insurance regulators announced that insurance companies must offer terrorism coverage even though Congress has failed to provide an essential backstop for insurers in the event of future terrorism...
Farmers Insurance Requests Rate Hike in Calif.
Jan 10 2002 // Farmers Insurance Group of Cos. recently applied for a 6.9 percent premium increase for homeowners insurance in the state of California. According to the Los Angeles Times Mary Flynn, a spokesperson for Farmers, the...
Environmental Program Aims to Cap Cleanup Costs at Calif. Former Military Site
Jan 10 2002 // To help contain the expense of cleanup activities at an unused army barrack, an environmental insurance program is providing a financial cushion and liability protection as part of a fixed cost remediation agreement. ECS,...
21st Century Insurance to Stop Selling Homeowner Policies
Jan 9 2002 // According to the Los Angeles Times, after a three-year experiment, California-based 21st Century Insurance has decided to stop selling homeowner insurance in the state. Instead, 21st Century will refer customers to...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
California Motorists Face New Laws in 2002
Dec 31 2001 // California motorists will face a number of new state laws enacted this year, including laws supporting child passenger safety, according to the Automobile Club of Southern California. “Many of the new laws target...
IBA West Endorses Calderon for Calif. Insurance Commissioner
Dec 28 2001 // The largest trade association in the Pacific West representing independent agents and insurance brokers–which employ more than 15,000 insurance professionals and insure millions of Californians–recently...
Auto Club rings in 2002 With Free Tipsy Tow Service on New Year’s Eve
Dec 28 2001 // To help keep New Year’s Eve safe for all motorists, the Automobile Club of Southern California will offer free Tipsy Tow rides home for drinking drivers and their vehicles. Between 6 p.m. on New Year’s Eve and...
Industry Representatives Say Calif. Is Prepared
Dec 24 2001 // How would California respond to a disaster, be it a major earthquake, fire or something the equivalent of Sept. 11? Addressing the state’s level of preparedness in the event of a major tragedy, representatives of the...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
CEA MARKS 5th ANNIVERSARY
Dec 24 2001 // The California Earthquake Authority (CEA) announced it is celebrating its five-year anniversary, having recently surpassed the $1 billion milestone for cash reserves. Back in December 1996, the CEA began providing...
REGULATORY SYSTEM ANALYZED
Dec 24 2001 // The California system held up by a consumer group as a model for auto insurance regulation in fact may have kept California consumers from enjoying billions of dollars in premium reductions over the past decade....
Caliber One Opens New California Office
Dec 21 2001 // Caliber One, the Excess and Surplus Lines arm of PMA Capital, has opened a new office in Glendale, Calif. Tom Ross, assistant vice president in charge of Caliber’s Seattle, Washington office, has relocated to...
Greater Bay Bancorp, ABD Announce Merger Agreement
Dec 20 2001 // Greater Bay Bancorp, a $7.5 billion in assets financial services holding company, and ABD Insurance and Financial Services Inc., announced today the signing of a definitive agreement for the acquisition of ABD by Greater...
SEIU Endorses Calderon for Insurance Commissioner
Dec 19 2001 // Assembly Insurance Chair Thomas M. Calderon won the support of the California State Council of the Service Employees International Union (SEIU) in his bid to win next year’s California Insurance Commissioner...
Calif. Fund Pays More than $11M in Defaulted Workers’ Comp Claims
Dec 14 2001 // California Department of Industrial Relations Director Stephen Smith has ordered the state’s Self Insurers’ Security Fund to take charge of payment of HomeBase Inc. and San Francisco French Bread Company...
CEA Celebrates Five Year Anniversary
Dec 14 2001 // The California Earthquake Authority (CEA) announced it is celebrating its five-year anniversary, having recently surpassed the $1 billion milestone for cash reserves. Back in December 1996, the CEA began providing...
Kinney Elected as PIFC Chairman of the Board
Dec 13 2001 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-public policy for State Farm Insurance Companies, was elected Chairman of the...
Calif. Thieves Prefer a Toyota or Honda
Dec 13 2001 // In a report released by the National Insurance Crime Bureau, thieves in California’s urban areas prefer Toyota Camrys and Honda Accords, mirroring a national trend. But in rural and border regions, pickup trucks and...
Calco Insurance Brokers and Agents Purchased
Dec 13 2001 // Donald D. Fey, president of Calco Insurance Brokers & Agents, Inc., announced Calco was bought by its management, producers and by Distribution Partners Investment Capital, L.P., a private investment fund managed by...
