California News

One Risk Opens San Diego Office

One Risk Group LLC based in Pleasanton, Calif., has opened an office in San Diego. In addition, the company has hired Jorie Burton as director of the firm’s Property and Casualty Claims division, focusing on claims advocacy for the firm’s …

Foreclosures on the Increase in Louisiana

More than 1,500 Louisiana homeowners saw their residences swept away by seizure during the third quarter of 2010, a national company that tracks foreclosures reported Oct. 14. Irvine, Calif.-based RealtyTrac said that in addition to 1,560 foreclosure sales, another 2,819 …

High Power Insurance Service Joins Iroquois Group

High Power Insurance Service of Rancho Cucamonga, Calif., has joined The Iroquois Group, according to agency principal Alphonso Rudolph. Iroquois is a network of property and casualty insurance agencies and lists more than 1,800 member agencies in 37 states.

Los Angeles Considers Food Truck Regs

Diane Betzler would hesitate to eat at a food truck even if it was serving filet mignon for free and the placard in the window gave it an A-plus rating for cleanliness. She still hasn’t entirely gotten over her experience …

Fire Surcharge Omitted From California Budget

Insurers are thanking their lucky stars, that for the third year in a row, California Gov. Arnold Schwarzenegger’s proposal to impose a 4.8 percent statewide surcharge on all residential and commercial property insurance premiums for fire suppression efforts did not …

Integro Buys California Reinsurance Broker ReSource Intermediaries

Insurance brokerage and risk management firm Integro has acquired ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm based in San Francisco. The move paves the way for New York-based Integro to become a reinsurance broker in the U.S., according …

Calif. Iranian Investment Regs Ruled Improper

The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance identified in 50 companies to be doing business with the Iranian energy, nuclear …

Citi Ordered to Pay Actor Larry Hagman $11.5 Million in Damages

Larry Hagman, the actor who played the villainous J.R. Ewing in the 1980s TV show “Dallas,” has won his case that he was victimized by Citigroup Inc., and the bank was ordered to pay over $11 million in damages. The …

Oklahoma Turnpike Deaths Case Settled for $62.7M

Attorneys for both sides say a civil lawsuit over a collision on Oklahoma’s Will Rogers Turnpike that killed 10 people has been settled for $62.7 million. Attorneys for family members of eight of the victims say the settlement was reached …

Schwarzenegger Vetoes Workers’ Comp Bill

Calif. Gov. Arnold Schwarzenegger has vetoed a workers’ compensation insurance measure that would have required an employer and insurer to resolve disputes that arise in California to be resolved in the state, and the second AB 2490 did, however, provide …