California News

The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern

The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current form. TRIA is set to sunset on …

Former Calif. Insurance Agent Sentenced

Cordell Bunton, of Stockton, California, has been sentenced to six months in the San Joaquin County jail after pleading guilty to 10 felony and two misdemeanor counts that included grand theft, insurance fraud, forgery, and transacting insurance without a license. …

Editor’s Note: Terror Strike Again

Recently I attended the National Symposium on the Future of Terrorism Risk Insurance. The day-long symposium, which took place on the campus of the University of Southern California, featured experts from several different perspectives on terrorism insurance. Much of the …

National Alliance Names Outstanding CSRs; Awards CIC, CISR Scholarships

The National Alliance for Insurance Education & Research, headquartered in Austin, Texas, started out the summer of 2005 with a bang–handing out a basketful of honors and awards. In late June the insurance and risk management education organization, announced the …

San Jose Chain Store Owners Plead Guilty in Workers’ Comp Scam

A San Jose, California husband and wife pled guilty to charges of workers’ compensation premium fraud and will serve 14-month jail sentences and pay $2 million in restitution following a multi agency investigation into the crimes. The owners of San-Jose …

A Rare California Policy Success Trying to Survive

This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov. Arnold Schwarzenegger, workers’ comp rates are plummeting. …

Terror Strike … Again

Recently I attended the National Symposium on the Future of Terrorism Risk Insurance. The day-long symposium, which took place on the campus of the University of Southern California, featured experts from several different perspectives on terrorism insurance. Much of the …

CALIF. PANEL APPROVES MEASURE REQUIRING INSURERS TO EXPLAIN WHY POLICIES ARE DECLINED:

The California Assembly Insurance Committee approved an amended measure that will now require insurers to provide an explanation to consumers when policies are declined, canceled or non-renewed, AIA reported. The bill, SB 150, authored by Senator Martha Escutia (D-Whittier), was …

Alan A. Smith, Jr. is president/CEO of the Western

By Alan A. Smith, Jr. Many of our allies in the fight against the Garamendi Agenda were puzzled by IBA West General Counsel Steve Young’s open hostility toward the Western Insurance Agents Association’s “Line In The Sand” campaign on full …

With or Without TRIA, Terrorism Still Top Concern for Industry

The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its recommendation to oppose the renewal of the Terrorism Risk Insurance Act by Congress in its current form. TRIA is set to sunset …