California News

Court: Insurance Doesn’t Cover Milwaukee Priest Sex Abuse

The Archdiocese of Milwaukee’s insurance company doesn’t have to pay damages that could arise from more than a dozen lawsuits involving sex abuse by priests, a state appeals court has ruled. The 1st District Court of Appeals decision, if it …

Employees Beware: Employers Monitor Twitter, Facebook, Internet Posts

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 …

Fireman’s Fund Ready to Rally

Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …

Employers With Foreign Labor Face Increased Liability

Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce due to the “dirty” or menial nature of certain …

Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …

Brown & Brown Acquires Ruland & Mattingley Insurance Services Assets

C. Roy Bridges, regional president of Daytona Beach, Fla.-based Brown & Brown Inc. and Lloyd S. Ruland III and Philip M. Ruland, shareholders of Ruland & Mattingley Insurance Services Inc. of Laguna Hills, Calif., announced the acquisition of substantially all …

California Approves Pay-As-You-Drive Insurance Programs

California Insurance Commissioner Steve Poizner has approved filings by the Automobile Club of Southern California and State Farm Mutual Automobile Insurance to offer pay-as-you-drive insurance. The PAYD Insurance program will allow insurers to offer plans based on a verified and …

Laurus Insurance Consulting Opens in Lincoln

Casey Roberts has opened Laurus Insurance Consulting in Lincoln, Calif. As principal and founder of Laurus, Roberts expects to serve fellow insurance agents in the areas of strategic sales development and management; goal setting and achievement; merger and acquisition planning; …

Calif. Regulators Announce 2011 Workers’ Comp Assessment Rates

The California Department of Industrial Relations (DIR) has calculated the 2011 assessments that state law requires workers’ compensation insurers collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC), and five related workers’ comp programs …

Calif. State Fund Names Clark Chief Operating Officer

California’s State Compensation Insurance Fund has named Tom D. Clark as its chief operating officer. Clark, who assumes his new role on December 1, will replace Harrison D. Jerome, who retires at the end of the year. Clark, a 30-year …