California News

Swiss Re Secures $106.5 Million Vega Cat Bond for Multiple Perils

Swiss Re announced that it has obtained $106.5 million in coverage “against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection program named Vega Capital Ltd.” Swiss Re added that it is …

Calif. Workers’ Comp Indemnity Claim Costs Significantly Higher

California’s workers’ comp insurers wrote approximately 10 percent more premium the first nine months of 2010 compared to 2009, according to the Workers’ Compensation Insurance Rating Bureau of California. In its summary of Sept. 30, 2010 Experience. Written premium for …

Appeals Court in California Reverses Itself in Armenian Insurance Suit

A federal appeals court last Friday reversed itself and now says the heirs of Armenians killed in the Turkish Ottoman Empire can seek payment from companies that sold their relatives life insurance. The 9th U.S. Circuit Court of Appeals in …

Status of Legal Challenges to Obama Health Reform Law

Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits challenging the constitutionality of new requirements, including one that individuals buy health insurance. Most legal scholars expect one of …

R-T Specialty Acquires Oakbridge Insurance Services

The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on …

Heffernan Insurance Adds Hight to Commercial Property/Casualty Team

Heffernan Insurance Brokers has added Melodie Hight in its Portland, Ore., office as a producer in Commercial Property and Casualty Insurance. Hight has more than 20 years in commercial property and casualty insurance. She previously worked for Beecher Carlson in …

Calif. Assemblyman Villines to Serve on Flood Protection Board

Calif. Governor Arnold Schwarzenegger has appointed former Assembly minority leader Michael Villines to the Central Valley Flood Protection Board Villines lost a bid for state insurance commissioner last month. The new post pays $40,669 annually. The position requires confirmation by …

Cal/OSHA Implements Updated Heat Safety Regulations

Cal/OSHA has implmented a new standard to protect employees who work with diacetyl, a chemical commonly used to give food flavorings a buttery taste. Cal/OSHA, a division of the California Department of Industrial Relations (DIR), is the only state-OSHA plan …

Wal-Mart Court Order Freezes Class Actions

The class action landscape changed in an instant when the U.S. Supreme Court decided to review a mammoth sex discrimination lawsuit against Wal-Mart Stores Inc. Even though a ruling likely will not come for months, some class-action lawsuits against other …

Personal Internet Use Becoming Part of Employee Record

Those photos on Facebook showing you palling around with drunks, the raunchy joke you posted on Twitter, and those links to politically incorrect groups on your personal Web site —all of this information can now become part of your job …