Monthly Archives: <span>March 2005</span>

Garamendi Testifies in Executive Life Lawsuit

A photo taken in a restaurant 13 years ago captured the occasion–a deal signed by California’s chief insurance regulator that ultimately paved the way for the sale of insurer Executive Life to a group of French investors. But the executives …

Advice to California Agents: Use Care in Picking Workers’ Comp Approach

In California, the industry is in the midst of implementing some far-reaching workers’ compensation reform. The new laws should increase competition and improve pricing in coming years. But to get there, the industry must first put all the pieces of …

Calif. Small Business Owners Optimistic About Growth, UBOC Survey Says

Almost 71 percent of California small business owners polled are expecting 2005 to be an overall better year than 2004, according to the fifth annual statewide survey released by Union Bank of California, N.A. The survey’s results also offer good …

Huge Opportunity Exists In LTC Marketplace For Trained, Savvy Agents

You may have read about a recent survey–the LTC IQ test–that over 60 percent of respondents failed. Almost 90 percent knew what long-term care was, but over 40 percent thought the government would provide coverage for it through Medicare or …

Cypress Point President Discusses California Workers’ Comp Market

Bill Trzos, president and CEO of San Diego-based managing general agency Cypress Point Insurance Services Inc. talked with Insurance Journal about the changing climate of California’s workers’ compensation insurance market and Cypress Point’s goals for 2005. With a small original …

Is California’s Comp Market Rebounding?

Seabright. CompWest. Employers Direct. Tevis. These are just some of the names rolling off the tongues of agents and brokers in California these days. Add Everest National, Berkshire Hathaway, and about half a dozen others to the mix, and that …

Turning Blue into Green for Favored Companies

A San Francisco-based nonprofit group that wants more consumers to support businesses that back liberal and “blue” state politics has added Progressive Insurance Co. to its preferred providers list. The group, www.buyblue.org, is selling the notion that citizens who favor …

Roofing Contractors, Workers’ Compensation Insurance and Profits

Begin a conversation with any roofing contractor with the words workers’ compensation insurance and profits in the same sentence and you’ll probably be met with a confused look. By all accounts those two topics do not go together. For many …

Man Surrenders on Felony Charges

On Feb. 26, Steve Rivera, of Clovis, California, self-surrendered to authorities at the Fresno county jail on a warrant for three felonies: insurance fraud, making material misrepresentations to representatives of his insurer, Esurance, and bringing another person, a female acquaintance, …

Man with Multiple Identities Indicted in International Scam

Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins, was indicted in February on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four years. The indictment, filed in …