California News

Seven Arrested in Calif. for Automobile Arson, Fraud Scams

Insurance Commissioner Steve Poizner announced the arrests of seven individuals for their alleged involvement in automobile arson and insurance fraud. The arrests are the result of two automobile “give-up” investigations. Helen Marler, 28, and her husband Jason Marler, 33, both …

People

Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also serve on the International Executive Committee of Allianz …

Consumer Advocates Criticize Allstate’s Claims Practices

A California consumer advocate group is criticizing Allstate for allegedly “systematically underpaying claims to policyholders, or forcing them into protracted court battles to secure a fair settlement.” According to Consumer Watchdog, formerly the Foundation for Taxpayer and Consumer Rights, the …

Declarations

P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests that analysts might not fully value these transactions …

Nearly a Dozen Arrested for $2 Million Scam

Eleven alleged Bay Area fraud perpetrators were arrested on numerous felony counts including insurance fraud, identity theft, possession of stolen property and filing a false tax return. Wireless phone dealers, employees and customers were arrested for their purported involvement in …

Insurance Skills Center Celebrates 30th Anniversary

Founders reflect on changes in insurance industry education The schedules of working full-time and being a mom don’t always concur, but Patty Gibson Carlson and Laurie Zangwill-Infantino have proven otherwise with their brainchild — Insurance Skills Center — which celebrates …

California Legislature Considers Changes to State Fund

California’s Legislature is considering changes to operations of the state’s largest workers’ compensation insurer. Senate Bill 1145 was recently heard by the Senate Banking, Finance and Insurance Committee, and was scheduled for a hearing by the Senate Judiciary Committee on …

World’s Weather as a Deranged Pinball Machine?

The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of worldwide concern, as well as the state …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

People

Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …