Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
PAULA Financial Nets Profit, Names New CEO
Nov 12 2001 // California-based PAULA Financial announced net income of $0.20 per share for the third quarter of 2001 compared to a net loss of ($0.26) per share for the 2000 period. Year to date the Company reported net income of $0.27...
CALIF. W/C RATE HIKE APPROVED
Nov 12 2001 // Insurance Commissioner Harry W. Low approved an increase of 10.2 percent in California’s advisory pure premium rate for workers’ compensation insurance. The rate increase was recommended by the Workers’...
IICF Honors Those ‘Bridging’ the Gap between Industry and Community
Nov 12 2001 // Of the many occasions the insurance industry has been called upon to come together as a whole, this past year was especially impressive for the way in which its members made contributions of both money and time to those in...
Bannister Tosses Name in Ring for California Commissioner Post
Nov 8 2001 // Wes Bannister has filed his name in the race to become the likely Republican nominee for the post of California Insurance Commissioner. Current Commissioner Harry Low has noted that he does not plan to run for the office...
California Supreme Court Rules Companies Can Be Sued
Nov 7 2001 // The California Supreme Court ruled on Nov. 5 that insurance companies may be sued in their failure to cover damage that their adjusters mistakenly overlooked, even if the legal deadlines for such lawsuits have...
Calderon Submits Paperwork in Run for California Commissioner
Nov 7 2001 // Assemblyman Thomas M. Calderon, chair of the Assembly Committee on Insurance, submitted Declaration of Intent paperwork to the Secretary of State’s office Nov. 2, formalizing his candidacy for California’s...
Calif.-Based Western Security Surplus Insurance Brokers Expands Operation
Nov 6 2001 // The Orange County/San Diego branch of Western Security Surplus Insurance Brokers Inc. has moved to larger facilities in Los Alamitos. Becky Hill, vice president and branch manager of the new offices, commented that the new...
Brown & Brown Makes Moves in Washington, California
Nov 5 2001 // Brown & Brown Inc. and Raleigh, Schwarz & Powell Inc. as well as Golden Gate Holdings Inc., based respectively in Tacoma, Wash., and Novato, Calif. announced the finalization of their previously announced merger...
Large-Scale California Auto Insurance Fraud
Oct 31 2001 // The Organized Auto Fraud Interdiction Task Force announced Oct. 25 the execution of search warrants on nine locations and the arrests of five individuals allegedly involved in a large-scale auto insurance fraud ring. The...
Calif. Commissioner Gives Approval to Advisory Pure Premium Rate
Oct 30 2001 // Insurance Commissioner Harry W. Low announced the approval of California’s advisory pure premium rate for workers’ compensation insurance, approving an increase of 10.2 percent in the advisory pure premium...
CIGA Bill Gets Approval in Calif. Legislative Session, SB 71 Falls Short
Oct 29 2001 // As the California Legislature wound up its 2001 session in mid-September, two workers’ compensation-related bills awaited their fate on the desk of Governor Gray Davis. AB 1183: CIGA Premium Surcharge In the case of...
IBN AFFILIATES WITH NAAA
Oct 29 2001 // The National Auto Agents Alliance accepted an application for affiliation from the Independent Broker Network. IBN is a 12-year-old organization headquartered in San Jose, Calif. IBN brings more than 380 California members...
Number of Calif. Workplace Deaths on the Decrease
Oct 26 2001 // The downward trend continued last year: the number of California workers killed on the job was the lowest since 1992 when the Department of Industrial Relations’ Division of Labor Statistics and Research (DLSR)...
Independent Broker Network Joins the National Auto Agents Alliance
Oct 19 2001 // The National Auto Agents Alliance has accepted an application for affiliation from the Independent Broker Network (IBN). IBN is a 12-year old organization headquartered in San Jose, Calif. IBN founder Fred...
NAII Comments on Veto of Calif. Workers’ Comp Bill, Other Enacted Legislation
Oct 18 2001 // The National Association of Independent Insurers (NAII) expressed satisfaction that for the third time in as many years, California Gov. Gray Davis vetoed a workers’ compensation reform bill that failed to adequately...
Calif. Governor Vetoes $4.7 Billion Workers’ Comp Benefit Increase
Oct 17 2001 // Despite his efforts to negotiate a balanced proposal, California Governor Gray Davis has vetoed legislation to raise workers’ compensation benefits for the third year in a row. The bill, SB 71, sponsored by John...
WCIRB Notes 19% Rise in Rates for First Half
Oct 16 2001 // On Oct. 8, the Workers’ Compensation Insurance Rating Bureau (WCIRB) released its summary of mid-year California workers’ compensation results, with the report showing that the average charged insurer rates for...
Golden Eagle Pulls Out of Homeowners Market in California
Oct 15 2001 // San Diego-based Golden Eagle Insurance announced in September that it would cease offering new policies for homeowners and dwelling fire in California. The company also sells insurance in neighboring Arizona, but this move...
First Trade Show Goes Forward After Tragedies, Calderon Keynotes
Oct 15 2001 // It was not an easy decision when, immediately following the Sept. 11 tragedies, members of the board of the American Agents Alliance were polled by Executive Director Lorelle Kitzmiller as to whether its Conference &...
DAVIS SIGNS MOLD BILLS
Oct 15 2001 // California Governor Gray Davis signed two measures designed to study the effects of mold. SB 732, sponsored by Senator Deborah Ortiz (D-Sacramento), requires the California Department of Health Services (DHS) to convene a...
