California News

Mont. Jury Awards Woman $5.3M in Lawsuit

A federal jury has ordered an insurance company to pay a Bigfork woman $5.3 million in damages in a bad-faith lawsuit that accused the company of failing to pay her medical expenses after a head-on car crash in January 2003. …

It Figures

600 The number of earthquakes that have shaken the basin off the coast of central Oregon in early April. Scientists noted they are baffled by the “swarm” of quakes, because that is something that often happens before a volcanic eruption, …

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 …

Mass. to Hear Mapre Takeover of Commerce Insurance on May 1

Massachusetts officials will hear tesimony on May 1 on the proposed acquisition of the state’s largest auto insurance writer, Commerce Insurance, and its sister company, Citation Insurance, by the giant Spanish insurer Mapfre. Completion of the merger, proposed last October, …

Study: Workers’ Comp Costs Per Claim in North Carolina Rising Rapidly

Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute. The Cambridge, Mass.-based WCRI study of 14 states found that double-digit growth in medical costs per claim …

Masles Takes Helm of Commercial Lines Insurance Placement at Networked

Grass Valley, Calif.-based Networked Insurance Agents has appointed Melissa Masles to vice president of placement. Masles will oversee the company’s commercial lines placement operations. Before moving to Networked, Masles served as senior vice president for Personal Insurance in Chubb’s western …

Cambridge General Agency Reducing Contractors Rates in California

California-based Cambridge General Agency has obtained lower rates for the following classes in California: carpentry interior, carpentry NOC, concrete construction, debris removal, electrical work within buildings, excavation, floor covering installation, janitorial, masonry and plastering or stucco work. The company says …

San Francisco Hosts 100th Earthquake Conference, Predicts What If Scenarios

More than 2,500 delegates from around the world gathered in commemoration of San Francisco’s 1906 earthquake at the 100th Anniversary Earthquake Conference — the largest earthquake conference ever held — in San Francisco this week. There, earthquake professionals and policymakers …

Lloyd’s Warns on Europe Quake Risks

The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …

N.Y. City Mayor Wants U.S. to Cover Health Costs from 9/11

New York City Mayor Michael Bloomberg on Thursday called on the U.S. government to pay $150 million a year to cover medical bills for workers and residents whose health suffered due to the Sept. 11, 2001, attacks. The federal government …