Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Trov in California Closes $45M in Series D Financing for Insurtech
Apr 6 2017 // San Francisco, Calif.-based Trov announced that it has closed $45 million in Series D funding led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors...
JLT Specialty Names Shiels Senior Vice President in California
Apr 6 2017 // JLT Specialty USA has named Gavin Shiels senior vice president. Shiels will be based in San Francisco, where his primary focus will be on client development within JLT’s real estate practice. Shiels has more than a...
Starr’s Caporelli Joins Rockhill Environmental Team in California
Apr 6 2017 // The Rockhill Insurance Group has named Steve Caporelli to its environmental unit. Caporelli will be based in the San Francisco, Calif. office. Caporelli more than 15 years of underwriting and risk assessment experience. He...
Claims Manager at Golden Bear in California Addresses Agency Fraud
Apr 6 2017 // Powered by InsuranceJournal.tv Beth Ossino, claims manager at Golden Bear Insurance Co. in Stockton, Calif., puts dealing with agency fraud high on her radar. She talked with Insurance Journal about agency fraud, and how...
ProPublica Report Alleges Auto Insurers Overcharge Minorities
Apr 5 2017 // A new report published by ProPublica accuses the auto insurance industry of pricing discrimination against minorities. The report, titled Minority Neighborhoods Pay Higher Car Insurance Premiums Than White Areas with the...
Alliant Acquires SES Insurance Brokerage Services in Southern California
Apr 5 2017 // Alliant Insurance Services Inc. has acquired SES Insurance Brokerage Services Inc. in Santa Ana, Calif. SES will join Alliant MGA and program administrator. The executive leadership team of SES will continue to operate the...
Online Tool Locates California Agents, Brokers Who Speak A Foreign Language
Apr 4 2017 // The California Department of Insurance has launched an online language locator tool to enable consumers to find insurance agents and brokers in their area who speak their language. The tool gives access to information on...
Ascension Acquires Yosemite Pacific’s California Operations
Apr 4 2017 // Walnut Creek, Calif.-based Ascension Insurance Services Inc., dba Pan American Insurance Agency Inc., entered into an agreement on March 31 with Ag Providers Insurance Services LLC, dba Yosemite Pacific Insurance Services...
California State Fund 2016 Report Shows 128K Policies Written
Apr 4 2017 // The California State Compensation Insurance Fund’s 2016 annual report shows a net income of $192 million in 2016. Other important highlights from the newly released report include: 128,000 policies written in...
CastlePoint National in California Ordered into Liquidation
Apr 3 2017 // CastlePoint National Insurance Co., the California insurance company affiliate of the defunct Tower Group, has been ordered into formal liquidation, paving the way for protection of CastlePoint’s policyholders...
Non-Compete Agreements and Poaching Take Spotlight in Aon – Alliant Lawsuit
Apr 3 2017 // A legal battle between two insurance brokerages over whether a former employee violated noncompete agreements and poached numerous employees is not over yet, but the brokerage bringing the charges has scored key early...
A Look at Restrictive Covenants and Obstacles that Keep Producers from Making a Move
Apr 3 2017 // If someone were to offer you $1 million to make a job move, would you? What if that move meant you’d go through some lean years? For $1 million, you’d likely tolerate several lean years. An entrepreneurial...
California Workers Comp Medical Review Volume Hit a Record in 2016
Apr 3 2017 // The California workers’ compensation independent medical review process used to resolve medical disputes found that in 2016 IMR physicians once again upheld about 90 percent of utilization review (UR)...
2 California Congressmen Introduce Earthquake Mitigation Tax Incentives
Apr 3 2017 // A pair of Congressmen from California in late March introduced the Earthquake Mitigation Incentive and Tax Parity Act of 2017 to exclude incentives for residential seismic retrofits from federal taxation. The act was...
California City Seeks to Improve Safety by Scanning License Plates
Apr 3 2017 // A California city plans to scan the license plates of all incoming cars by placing stationary cameras at key intersections in a bid to boost public safety. The seaside city of Carlsbad will spend $1 million to add cameras...
California Road Plan Calls for Boosting Gas Tax, Vehicle Fees
Mar 31 2017 // California Gov. Jerry Brown and fellow Democrats who control the state Legislature are proposing to raise $52.4 billion over 10 years by significantly boosting fuel taxes and vehicle fees. The money would go toward fixing...
Alliant Handed Victory over Aon in 1 of 3 ‘Poaching’ Suits
Mar 30 2017 // A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services. The jury rejected every claim by Aon levied against Newport Beach,...
Lack of Markings Caused 2016 Fatal California Bus Crash, Report Shows
Mar 30 2017 // Federal investigators say inadequate highway markings caused a fatal Greyhound bus crash in California last year that killed two people and injured 13 others, including the driver. The National Transportation Safety Board...
California City Was Warned About Flood But Failed To Act, Officials Say
Mar 30 2017 // Water officials say authorities in San Jose, Calif. received several warnings that flooding was imminent but failed to evacuate thousands of residents who were trapped in their homes after a creek broke its banks. John...
XL Catlin Adds Marlane to Its Environmental Business in California
Mar 30 2017 // XL Catlin’s environmental insurance business has appointed Denali Marlane as its Western regional underwriting manager in San Francisco. Marlane will manage XL Catlin’s environmental underwriting...
