Arnold Schwarzenegger News

Insurance Industry Assessing Calif. Wildfires, Sends in Assistance

Insurance industry professionals are rallying the troops, bringing in claims professionals and others to assist in battling several major wildfires burning across Southern California. On Sunday, Gov. Arnold Schwarzenegger proclaimed a State of Emergency in the counties of Los Angeles, …

National Guard Sent in to Battle Southern Calif. Blazes

California Gov. Arnold Schwarzenegger has directed the California National Guard to make 1,500 guardsmen available to support the firefighting efforts in Southern California. The 1,500 guardsmen, including 200 troops currently patrolling the California/Mexico border, will be deployed at the direction …

More than 600 Southern California Homes Lost to Unchecked Wildfires

Hundreds of homes were reduced to ashes Monday as wildfires blown by fierce desert winds raced across a huge swath of Southern California extending from Malibu to the Mexican border, forcing a quarter of a million people to flee. At …

Calif. Workers’ Comp Bureau Recommends Increasing Rates 5.2%

California’s Workers’ Comensation Insurance Rating Bureau has recommended that pure premium rates be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In September, WCIRB submitted a pure premium rate filing to the California Department of …

Calif. Governor Refuses Again to Raise Benefits for Disabled Workers

For the second year in a row, Gov. Arnold Schwarzenegger has refused to raise benefits for disabled workers that critics say were slashed too deeply by regulations his administration adopted in 2004. The Republican governor vetoed a bill Friday by …

Calif. Gov. Signs Workers’ Comp Reform Bill

California Gov. Arnold Schwarzenegger has signed legislation authored by Sen. Leland Yee, D-San Francisco/San Mateo, that is expected to lower workers’ compensation rates for small businesses and increase competition among insurance companies. Existing law requires insurers to maintain certain minimum …

Calif. Governor Signs Flood Legislation, Rejects Bill on Child Booster Seats

California Gov. Arnold Schwarzenegger has signed legislation designed to strengthen flood protections in California and approved a bill that would ban smoking in vehicles carrying children. Meanwhile, he rejected a measure that would have required children younger than 8 years …

Calif. Earthquake Bill Receives Criticism, Could Raise Rates

Critics of a bill recently signed by Gov. Arnold Schwarzenegger say more than 760,000 California homeowners who buy earthquake insurance through a state-run authority could see their premiums rise . But the measure’s supporters say that without the legislation homeowners …

Calif. Governor Signs Insurance-Related Bills

California Gov. Arnold Schwarzenegger has signed insurance-related bills into law, including those affecting the California Earthquake Authority, excess investment and auto insurance licenses. Senate Bill 430 was signed on Oct. 5, designating $1.3 billion from participating insurers to fund the …

State Fund severs ties with group administrator; issues update on audit

California’s State Compensa-tion Insurance Fund has terminated its relationship with Western Insurance Administrators and resumed its relationship with Shasta Builders’ Exchange. “I can confirm we don’t have a business relationship with Western Insurance Administrators any longer,” State Fund Spokeswoman Jennifer …