Arnold Schwarzenegger News

California Governor Signs Agent-Broker Bill

California Gov. Arnold Schwarzenegger has signed Assembly Bill 2956, clarifying the duties of an agent versus those of a broker. The bill, Insurance Brokers and Agents of the West explained, establishes four situations in which the broker presumption is deemed …

Calif. Insurance Commissioner Considers 2010 Bid

California Insurance Commissioner Steve Poizner took an initial step toward seeking the Republican nomination for governor in 2010. Poizner filed papers with the Secretary of State’s office to form an exploratory committee as he considers entering the race to succeed …

California State Fund Names Five Management Appointments

California’s State Compensation Insurance Fund announced five executive appointments – chief operating officer, general counsel, chief risk officer, chief financial officer and chief information officer. The appointments were authorized by Senate Bill 1145, signed into law Sept. 26, 2008, by …

California Governor Vetoes Workers’ Comp Legislation

California Gov. Arnold Schwarzenegger has vetoed three bills he said would have interfered with the state’s workers’ compensation system. SB 1115 Permanent Disability Apportionment would have prohibited discrimination on the basis of race, religious creed, color or status in other …

California Offers Protections for Seniors

California Gov. Arnold Schwarzenegger has signed AB 2150 by Assemblymember Patty Berg that helps protect consumers by preventing the financial abuse of seniors. AB 2150 provides that insurance agents and brokers may not use a “senior” designation in the course …

Consumer Groups Urge California to Approve Auto Repair Fraud Legislation

The Center for Auto Safety, Consumer Action and Consumers Union are united in urging California Gov. Arnold Schwarzenegger to sign Assembly Bill AB 2825, designed to protect motorists from auto body repair fraud. The legislation was passed by a strong …

California Can Issue Fines for Insurance Code Violations

California Gov. Arnold Schwarzenegger has signed a bill establishing a citation program for minor violations of the Insurance Code. Assembly Bill 2044 by Assemblyman Michael Duvall, R-Yorba Linda, “creates a new way for the Department to enhance consumer protections and …

California Governor Signs Agent-Broker Bill

With a Tuesday, Sept. 30, 2008, deadline to sign or veto bills fast approaching in Califorrnia, Gov. Arnold Schwarzenegger has taken action on several bills this week. Perhaps most notable to insurance agents is AB 2956, which the Governor signed, …

California Approves Legislation To Transform Workers’ Comp Insurer

Calif. Gov. Arnold Schwarzenegger has signed legislation to help transform the Golden State’s workers’ compensation insurer, the State Compensation Insurance Fund. Assembly Bill 1874 and Senate Bill 1145 are an important step toward increased transparency and strengthened corporate governance for …

California Bans Texting While Driving

California Gov. Arnold Schwarzenegger reinforced his commitment to keeping California’s roads safe by signing legislation that prohibits drivers from using text messaging devices while operating a motor vehicle. “I am happy to sign this bill because it further encourages safe …