Investigators from the California Department of Insurance (CDI) arrested Frankie Lopez II, 26, and Gina Marie Martino, 27, both of Stockton, on three felony counts each of insurance fraud. Lopez and Martino were booked into the San Joaquin County Jail, …
A new report completed by Tillinghast-Towers Perrin presents the current state of the California Earthquake Authority (CEA) in a positive light. The “CEA Project Consulting Team Report” was commissioned by the CEA Governing Board to analyze the entity’s current structure …
An Oakland, Calif., jury awarded a record-setting claim for overtime to a group of Farmers Insurance Adjusters participating in a class action suit. More than 2,000 adjusters working for Farmers Insurance Exchange will receive $90,009,208 following five years of litigation …
California’s Senate Transportation Committee rejected a bill on July 10 that would have mandated a Highway Patrol study on the link between cellular phone use and bad driving. The bill, which was authored by Assemblyman George Nakano (D-Torrance), was overridden …
Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The selection of The Hanleigh Group and International Space Brokers comes one month …
Thomas M. Calderon, the chair of the Assembly Committee on Insurance, officially announced his candidacy for California Insurance Commissioner. Calderon’s press office said he has distinguished himself as a reformer of the workers’ compensation system and as one of the …
Following a special waiver by the California State Assembly, a previously defeated financial privacy bill authored by Jackie Speier (D-Hillsborough) was reconsidered and approved by the California Assembly Banking Committee. The bill, SB 773, will create an opt-out system for …
When will the workers’ comp market get a break? Claim costs are climbing. Litigation is lingering. Rates are rising but are still insufficient. Legislation has yet to provide a measure of relief for insurers. And of course, the cooling economy …
This is a tale of two companies. Both made similar products and sold them to other companies. Both did what companies do: they extended credit to their commercial customers for a period of several weeks and, naturally, expected to be …
Regardless of your justification for the purchase and the emotional high in “making one of your biggest sales,” acquiring an agency is similar to buying that house you always wanted, or the car of your dreams. When the “high” is …
