Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
DRAMA in the Nonstandard Arena: The NONSTANDARD AUTO MARKET gets ready for action that will include
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...
Farmers Closes Doors In Southern California
Mar 16 2001 // In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in Carlsbad. The process of closing the office officially began yesterday. Along with the...
Lloyd’s Investigation Expands into Calif.
Mar 15 2001 // A federal task force investigating Lloyd’s of London have begun interviews of witnesses in California regarding a $400,000 payment made to the state by Lloyd’s in 1999, according to a Los Angeles Times...
Former Calif. Insurance Commissioner Gillespie Raises Nearly $500,000 for City of Hope
Mar 14 2001 // Roxani M. Gillespie (center), a partner at Barger & Wolen, accepts the Spirit of Life Award, presented to her by the California Insurance Council for City of Hope. Also pictured are Larry De Boer (left) and Don...
DIGGING UP OFFSHORE FRAUD
Mar 12 2001 // The California Department of Insurance (CDI) Criminal Investiga-tions Branch reported evidence that fraudulent certificates of insurance have been issued to more than 100 taxicab companies operating throughout California,...
Fresh Allegations Surround Quackenbush, Lloyd’s Payment
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times. The strongest of the allegations...
DRAMA in the Nonstandard Arena
Mar 12 2001 // The NONSTANDARD AUTO MARKET gets ready for action that will include increased RATES, risking LOSSES and overall market VOLATILITY. The nonstandard auto market enjoyed above-average growth and profitability across the...
Western Motorcycle Market Cruises Along
Mar 12 2001 // In at least one way, there is a strong parallel between learning to ride a motorcycle and insuring motorcycle operators. For the novice rider, the first 90 days of vehicle ownership is an especially risky period for...
American Sterling Undergoes Restructuring, Suspends Producers
Mar 12 2001 // American Sterling Insurance Company terminated the president of its personal lines division, Michael Galati, along with 12 other employees, on Feb. 22. The Laguna Hills, Calif.-based company also suspended alliances with...
InsuranceNoodle.com Unveils Options for California Agents
Mar 8 2001 // InsuranceNoodle announced yesterday that it is licensed to sell insurance in California, bringing its total to 34 states and nine of the 10 largest states in which the online company is doing business. Licensing in...
Summit Global Partners Enters California, Appoints Former Aon Exec Sands as CEO
Mar 6 2001 // International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance...
CDI LOOKS FOR FRAUD
Mar 5 2001 // Search warrants were executed at more than 10 locations in California in February, according to the California Department of Insurance Criminal Investigations Branch. Investigators were hunting for evidence of unlicensed...
Paying for Holocaust Insurance Claims
Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
State Audit Finds CEA Reinsurance Costs Reasonable
Mar 2 2001 // The California Earthquake Authority has made significant progress in reducing what it pays for reinsurance, according to a report by the California State Auditor released yesterday. The State Auditor concluded that...
American Sterling Terminates Galati, 12 Others; Suspends Producers
Feb 26 2001 // American Sterling Insurance Company terminated the president of its personal lines division, Michael Galati, along with 12 other employees, on Feb. 22. The Laguna Hills, Calif.-based company also suspended alliances with...
Workers’ Comp Hearing: Many Questions, Few Answers
Feb 26 2001 // On Feb. 14, lawmakers, insurers, employers and others gathered in Sacramento to discuss the troubled state of California’s workers’ compensation market. The Assembly Insurance Committee Hearing on...
Court Rules Against State Fund in Schaefer Ambulance Case
Feb 26 2001 // Seven years after an initial lawsuit was filed, the California Supreme Court made a ruling unfavorable to the California State Compensation Insurance Fund (SCIF) in the case of State Compensation Insurance Fund,...
The Heart of the Matter
Feb 26 2001 // It was Valentine’s Day, but in Room 437 at the State Capitol, love was not in the air. We were there to hear some serious testimony about a serious issue: California workers’ comp. All the big players were...
ANOTHER NORTHRIDGE AFTERSHOCK
Feb 26 2001 // The Alliance of American Insurers, based in Downers Grove, Ill., along with several other insurance groups, filed an amicus curiae brief on Feb. 15 with the California Court of Appeal in Basich v. Allstate Insurance Co....
Hazardous Construction
Feb 26 2001 // Three construction company owners from Arizona and a California attorney have been accused of insurance fraud and employment tax evasion by California insurance officials. Jay Neal Wright, 48; his son, Jay Neal Wright II,...
