California no longer allows an individual to buy a life insurance policy for investors, and anyone who handles the sale of second-hand life insurance policies–so-called life settlements–must be licensed. Senate bill 98 prohibits the sale of an existing life insurance …
A California assemblyman said Tuesday he’ll try a third time to get strict measures on when health insurance companies can cancel policies approved into law. Gov. Arnold Schwarzenegger on Sunday vetoed a bill backed by Assemblyman Hector De La Torre. …
Among the bills signed into California law by Gov. Arnold Schwarzenegger this week was a bill that prohibits workers’ compensation insurance companies from refusing to pay for services they authorized previously. The new law prevents insurers from modifying or rescinding …
A state-backed low-cost automobile insurance for Californians is threatened following Governor Arnold Schwarzenegger’s veto of a bill that would have extended the program until 2016. The veto has consumer groups calling foul. They say the bill had bipartisan support and …
Cooling temperatures and higher humidity on Monday gave firefighters some welcome relief as they waged an ongoing assault against a wildfire that had burned to the edges of a popular resort town in the San Gabriel Mountains. The temperature at …
California Republicans spent much of their weekend convention soul-searching over the battered party’s future and debating a plan of attack for 2010, when they hope to capitalize on anti-tax protests and growing national conservative anger over President Barack Obama’s health …
Gov. Arnold Schwarzenegger has signed a bill that will prevent nearly 700,000 low-income children from losing health insurance. Schwarzenegger signed the bipartisan bill Tuesday in the state Capitol restoring funding to the state’s Healthy Families program, a government-funded health insurance …
As firefighters took on the still-flaring eastern flank of a giant, arson-sparked wildfire north of Los Angeles, those examining the damage in calmer areas discovered two more destroyed homes, a U.S. Forest Service spokesman said. The fire, which started Aug. …
In a move that was not completely unexpected, California Insurance Commissioner Steve Poizner will file a lawsuit to have the $1 billion sale of State Compensation Insurance Fund (SCIF) assets declared unconstitutional. Poizner said the transaction could lead to skyrocketing …
California’s State Compensation Insurance Fund announced Tuesday that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by several wildfires that are ravaging parts of Northern and Southern California. State Fund has more …
