Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Colonial Now Offers Southern Californians Opportunity to Shop for Auto Policies Online
Jun 15 2000 // Colonial Services Insurance Agency recently launched its web site, www.insurance4california.com, giving Southern California residents the chance to shop for—as well as purchase—automobile insurance policies...
Quackenbush Sued by Calif. Residents
Jun 15 2000 // Two Los Angeles resident have filed suit against California Insurance Commissioner Chuck Quackenbush, asking for the repayment of $13 million they claim the commissioner misappropriated in settlements with insurance...
Quake Authority Looks to Develop a Five-Year Strategic Plan
Jun 12 2000 // After the Northridge earthquake rumbled through California on Jan. 17, 1994, destroying or damaging more than 200,000 homes, injuring 12,000 people and killing 60, and damaging or leaving uninhabitable 114,000 buildings,...
BEST WARY OF CALIF. W/C: A.M.
Jun 12 2000 // Best Co.’s year-end review of carriers with concentrated exposure to the volatile California workers’ comp market culminated in the downgrades of State Compensation Insurance Fund of California, Zenith National...
Quake Bills Could Create Shaky Ground for Insurers
Jun 12 2000 // On May 24, the California Senate passed SB 1899 despite opposition from industry groups. The bill, sponsored by Senator John Burton (D-San Francisco), has been referred to the Assembly Judiciary Committee for further...
Natural Disaster Reform Legislation Reaches a Turning Point
Jun 12 2000 // Nobody likes to lose their shirt, least of all insurers. So it’s no surprise that, following the huge losses caused by natural disasters in the past few years, insurers have bolted from the homeowners market, leaving...
Calif. Senate Insurance Committee Withdraws Subpoena
Jun 9 2000 // The Association of California Insurance Companies (ACIC) and the National Association of Independent Insurers (NAII) announced that the Senate Insurance Committee had agreed to withdraw a subpoena issued to Insurance...
Bankers Enters California Homeowners Market
Jun 8 2000 // Florida-based Bankers Insurance Company was recently approved to write homeowners policies in California. Doing business in the Golden State is nothing new for Bankers. As the country’s second largest flood carrier...
Managed Care Tension Builds in Calif.
Jun 1 2000 // The California Medical Association (CMA) filed a lawsuit on May 25 in U.S. District Court in San Francisco against three leading health plans in the state. The suit accuses Health Net, Blue Cross of California and...
A.M. Best Completes Year-End Review Of Calif. Workers’ Comp Carriers
May 30 2000 // A.M. Best Co.’s year-end review of insurance carriers with concentrated exposure to the volatile California workers’ comp market culminated in the downgrades of three large carriers in this market over the past...
Quackenbush Alleges ‘Political Ambush’ Faces Holocaust Questions
May 29 2000 // The beleaguered California Insurance Commissioner Chuck Quackenbush is the victim of a vicious smear campaign, his newly hired defense attorney is contending. At the May 23 Senate Insurance Committee Oversight hearing,...
COURT RULES FOR ACE
May 29 2000 // The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought about by subsidiaries of AIG and Chubb. The lawsuit focused on a restructuring plan implemented in 1996 by INA...
A Hard Sell for the CDI
May 29 2000 // Although the California Department of Insurance (CDI) is still tied up in the defense of its Insurance Commissioner, the sale of Superior National Insurance Co. remains a high priority item on the department’s...
Moratoriums Add Up in Calif.’s Nonstandard Market
May 29 2000 // Could it be that the California nonstandard auto market is hardening? Looking back to the beginning of the year, many companies lowered their personal auto rates in California in an effort to gain market share, but...
SCHOOL RULES FOR THE NEW MILLENNIUM: School Districts Face New Risks from the Playground to the Clas
May 29 2000 // With the new millennium comes a complex array of challenges to America’s public schools. Among them are the need to improve academic performance, reduce overcrowded classrooms, meet the needs of a growing number of...
WCIRB Reports Final Summary of 1999 Year-End Results for California
May 26 2000 // On May 25, the Workers’ Compensation Insurance Rating Bureau (WCIRB) released its final summary of year-end statewide results, updating a preliminary summary released April 7, 2000. The WCIRB continues to report...
Quackenbush Refuses to Testify; Retains Attorney
May 24 2000 // California Insurance Commissioner Chuck Quackenbush refused to testify before a legislative committee Tuesday upon the advice of his attorney, saying he would not walk into a “political ambush.” “I have...
Court Rules in Favor of ACE in Calif. Lawsuit
May 23 2000 // The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought against that company by subsidiaries of AIG and Chubb. The lawsuit focused on a restructuring plan implemented...
Calif. Watchdog Bill on Hold
May 19 2000 // Assembly Bill 1738, the bill to form a consumer “watchdog” association for the insurance industry, didn’t get too far in the California Senate Appropriations Committee this week. The bill was placed in...
Calif. Commissioner Quackenbush Charged With Holocaust Deal
May 17 2000 // Fresh charges were thrown at California’s legally embattled insurance commissioner Tuesday, when a state representative accused him of entering “possibly illegal” deals with Holocaust-era insurers. In a...
