California News

Marrero Joins SAIS’ Irvine, Calif. Office

Adriana Marrero is the newest marketing representative in the Irvine, California office, according to Mike Mayo, president of Superior Access Insurance Services Inc. “Adriana is a bright, energetic professional who brings a lot of energy to her new position as …

N.Y. Workers Comp Trusts Return $3M

Compensation Risk Managers, LLC, a national manager of self-funded workers’ compensation insurance programs, announced that three of its trusts in New York state produced dividends of nearly $3.2 million in 2004. The more than 1,200 members of these trusts, which …

Commerce Net Earnings Rise, Losses Fall in 2nd Quarter

The Commerce Group Inc. out of Webster, Mass. reported that 2005 second quarter net earnings were $62.6 million, or $1.85 per diluted share, compared to net earnings of $37.4 million or $1.14 per diluted share for 2004. During the second …

Air Force Recruits Bikers to Motorcycle Safety Course

Many motorcyclists say there is nothing like the feeling of flying down the highway on two wheels with a sunset stretched out ahead. But before hitting the open road, Airmen and civilians, and many throughout the Air Force, must complete …

SeaBright Insurance Holdings Reports Second Quarter 2005 Results

SeaBright Insurance Holdings Inc. announced results for the second quarter ended June 30, 2005. For the second quarter of 2005, net income was $4.2 million, or $0.25 per share on a diluted basis, compared to net income of $967,000, or …

NAS Introduces New Social Services Professional Liability Coverage

Encino, Calif.-based NAS Insurance Services has just introduced its new Social Services Professional Liability coverage. Eligible classes are quite extensive, ranging from Mental Health Facilities to Alcohol and Drug Rehab Centers to Meals on Wheels and Respite Care and Hotlines. …

Calif. Trial Judge Rules Prop. 64 Is Not Retroactive In Case Against State Fund

A San Francisco trial court judge recently ruled in the case Palm Medical v. State Compensation Insurance Fund (SCIF) that Prop. 64 is not retroactive, allowing the plaintiff to pursue injunctive relief on behalf the general public which—in this case—includes …

Bay Area Agent/Broker Pleads Guilty

A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the California Department of …

NAMIC Questions “Black Box” Laws in N.D., Other States

Provisions in laws regulating event data recorders (EDRs or auto “black boxes”) could negatively impact the underwriting prerogatives of auto insurers, the National Association of Mutual Insurance Companies (NAMIC) has concluded in a new report to its member companies. In …

Alliance Opposed to Proposed CDI “Agent Appointment” Regs

The American Agents Alliance has issued its official objections to the proposed regulations (file number RH 04037941), which were submitted on June 3, 2005. The Alliance believes the regs “do not meet the standards of authority, reference, clarity and consistency …