Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
AIG to Appeal Ruling Letting PIMCO Suit Over Financial Crisis Investments Proceed
Jun 2 2016 // American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer’s exposure to credit-default swaps...
California Agent Pleads Guilty to Selling Bogus Bonds and Premium Theft
Jun 1 2016 // John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium. His theft left a major retailer exposed...
California Senate OKs Bill to Avert License Suspensions for Minor Offenses
May 31 2016 // The California Senate on Tuesday passed legislation by state Sen. Bob Hertzberg, D-Van Nuys, that stops the automatic suspension of driver’s licenses for people who fail to appear in court on minor traffic offenses...
School Bus Firm Agrees to Settle California Safety Suit for $11.5M
May 31 2016 // An attorney representing mechanics for a school bus company says the company has agreed to pay $11.5 million to settle a California lawsuit claiming they used unsafe buses to transport San Francisco students. The San...
California Commissioner Lowers Workers’ Comp Advisory Rate
May 31 2016 // California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective...
VALE Acquires Onyx Transportation Services in California
May 31 2016 // VALE Insurance Partners has acquired 100 percent of the assets of San Francisco, Calif.-based Onyx Transportation Services LLC, the program administrator for Onyx Insurance Company Inc., a risk retention group specializing...
RIC Taps Kaneko and Clansen in California
May 27 2016 // RIC Insurance General Agency Inc. has named Garett Kaneko senior vice president of sales and marketing and Tom Clansen vice president of commercial lines. Both will be based in California. Garett will work out of...
EPIC Names Tan Surety Manager in Northern California
May 27 2016 // EPIC Insurance Brokers and Consultants has named Nick Tan surety manager. Tan will be based in EPIC’s San Ramon, Calif. construction services practice and report to Brian Quinn, regional director of...
Heffernan Names Northington Assistant Vice President in Southern California
May 27 2016 // Heffernan Insurance Brokers has named Paula Northington assistant vice president of employee benefits in its Orange County, Calif. office. Northington began her career in the financial services industry with Private Ledger...
What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris
May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...
California School District Aide Busted for Felony Workers’ Comp Fraud
May 26 2016 // An employee of a Southern California school district has been arrested on charges of workers’ compensation fraud for allegedly racking up $33,000 in treatments and disability payments. Juanita Denise Schmittle, 50,...
Johnson & Johnson Gets Sued by California over Marketing for Pelvic Mesh
May 26 2016 // California has accused Johnson & Johnson of failing to warn doctors and patients about the severity and frequency of complications associated with its pelvic mesh devices. According to the lawsuit filed by the...
EPIC Adds Perata to Golf Insurance Services Team in California
May 26 2016 // EPIC Insurance Brokers and Consultants has named Jake Perata an insurance broker/producer for the firm’s Sacramento, Calif.-based golf insurance services practice. Perata is responsible for new business development...
Thousands of Gallons Spilled from California Oil Pipeline
May 25 2016 // Hazardous materials crews are cleaning up as many as 21,000 gallons of oil after a pipeline rupture in Northern California. The San Francisco Chronicle reports that Shell Pipeline Co. officials say a response team is...
Family of MLB Star Gwynn Sues Tobacco Companies in California
May 25 2016 // The family of the late baseball star Tony Gwynn, a Hall of Famer who played with the San Diego Padres, has filed a lawsuit in California accusing makers of dipping tobacco of causing his death from cancer by getting him...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
Labor Unions Searching for Strategies to Join the Gig Economy
May 24 2016 // The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new...
Herring Named Field Rep in California for Berkshire Hathaway GUARD
May 23 2016 // Berkshire Hathaway GUARD Insurance Cos. has named Traci Herring a senior field representative in Northern California. Herring is responsible for identifying prospects for appointments while providing information about...
Former California Claim Adjuster Pleads Guilty to Embezzling $289K
May 23 2016 // Elizabeth Louise Brown, 48, of Canyon Country, Calif., a former claims adjuster with Explorer Insurance, pleaded guilty to two counts of insurance fraud with a white collar crime enhancement penalty for crafting an...
People – West
May 23 2016 // Leavitt Group in Utah has named Rachael Woolsey vice president of personal lines. Leavitt Group also named Kelly Pareti director of voluntary benefits enrollment. Pareti will work with employee benefits agencies to provide...
