Arnold Schwarzenegger News

California Workers’ Comp Bill Tabled

A bill aimed at closing a loophole in California’s workers’ compensation laws that allows doctors to profit from big markups on prescription drugs they sell to their patients appears has died in the current legislative session. Assembly Speaker Fabian Nuñez, …

Zodiac Underwriting Guide to Drivers

Affable Aquarius (21 January – 19 February) Aquarius’ gentle qualities are reflected in an average claims record overall. Aquarian drivers consider themselves sensible, responsible and family-oriented with a relaxed, patient attitude toward driving. Star driver: Zsa Zsa Gabor, Dick Cheney, …

Zodiac Underwriting Guide to Drivers

Affable Aquarius (21 January – 19 February) The gentle qualities of Aquarius are reflective in an average claims record on all counts. The Aquarian drivers consider themselves sensible, responsible and family-oriented with a relaxed, patient attitude toward driving. Star driver: …

Opinion: Rare Calif. Policy Success Tries to Survive

This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov. Arnold Schwarzenegger, workers’ comp rates are plummeting. …

A Rare California Policy Success Trying to Survive

This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov. Arnold Schwarzenegger, workers’ comp rates are plummeting. …

Farmers Announces Another California Workers’ Comp Rate Reduction

The Farmers Insurance Group of Companies announced a 10 percent rate reduction in workers’ compensation rates for its California business customers. Since 2004, Farmers has slashed its workers’ compensation rates four times by a total of 24 percent due to …

AIA: SB 899 Makes a Difference to Work Comp System

April 19 marks the anniversary of the signing of SB 899, the third of three significant workers’ compensation reform measures enacted during the past few years by California’s elected officials. Together, these measures are reforming the Golden State’s workers’ comp …

Are California’s Workers’ Comp Troubles Over? SB 899 One Year Later

It was about one year ago, on April 19, 2004, that California Governor Arnold Schwarzenegger signed SB 899 into law, giving the state’s beleaguered workers’ compensation system a tremendous overhaul. Although the reforms are still currently being implemented, the evidence …

Poizner to run for Calif. Insurance Commissioner

High-tech entrepreneur Steve Poizner, who spent $6 million of his own money in an unsuccessful bid for the state Assembly last fall, withdrew his appointment April 6 from the Public Utilities Commission and instead announced he will run for insurance …

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 …