California News

Consumer Advocates Criticize Allstate’s Claims Practices

A California consumer advocate group is condemning 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 …

Mines Lack Safety Equipment 2 Years After Sago Tragedy, U.S. Says

Underground coal mines lack stockpiles of breathable air and communications gear for trapped workers, according to a federal report released this week, nearly two years after a series of mine fatalities led to Congress requiring the industry to install more …

La. AG Drops Predecessor’s Case Against Biotech Company

Louisiana’s attorney general has withdrawn a multimillion-dollar antitrust lawsuit his predecessor filed on his final day in office against drug-maker Amgen Inc. Former Attorney General Charles Foti hired several private lawyers who had contributed to his failed re-election campaign to …

The Ultimate Employee Benefit Producer Schoolâ„¢

Lincoln, CA – April 10, 2008 – Agency Management Resource Group, a training, education and consulting firm serving independent insurance agencies, has announced the launch of the nation’s first producer school designed exclusively for Employee Benefit specialists. ARMG’s founder and …

Sloan Mason Offers New Coverage for Marine Risks

Sloan Mason, based in San Diego, Calif., is offering hull and protection and indemnity coverage for marine companies nationwide. The company said it provides programs for marine towing, crewboat and offshore support vessels with an “A” rated carrier. Minimum account …

RMS Names Manghani VP of Underwriting Solutions

Raj Manghani has been appointed vice president of underwriting solutions product management at Newark, Calif.-based Risk Management Solutions (RMS). In this role, Manghani will lead RMS’ efforts to help insurers use catastrophe modeling to assist with underwriting decisions. His responsibilities …

Jury Awards $3.6 Million Verdict to Marine

A U.S. Marine captain serving his third tour of duty in Iraq has been awarded $3.6 million by a San Diego jury after his insurance company unreasonably denied his claim for water damage to his Oceanside, Calif., home, according to …

The Harry W. Gorst Co. Hires Wicks to Head Transportation Division

Chatsworth, Calif.-based The Harry W. Gorst Co. recently announced the new hire of Megan Wicks as senior transportation underwriter to work in the Mission Viejo/Orange County, Calif., office. A recent transplant from the state of Washington, Wicks has 16 years …

MyNewMarkets.com Announces Two More Exchange Conferences

SAN DIEGO – (April 8, 2008) – Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego, California on September 4, 2008 and Dallas, Texas on September 30, 2008. MyNewMarkets.com Exchange conferences …

Study: California Workers’ Comp Claims Cost Decreasing

California’s Workers’ Compensation Insurance Rating Bureau has released a study that notes that following workers’ comp reform, statewide average ratios of loss adjustment expense (LAE) to loss per claim have increased. However, depending on how various legal issues are resolved …