California News

Northern Calif. Shakes in 3.3 Magnitude Earthquake

Northern California experienced mild shaking when a 3.3 magnitude earthquake struck the San Pablo, Calif., area at 9:35 a.m. this morning. According to the U.S. Geological Survey, the earthquake, which occurred on the Hayward fault, was recorded at a depth …

RMS Hires New Senior VP of Software Development

Risk modeling company Risk Management Solutions has appointed Dr. Elizabeth Xu to the role of senior vice president of software development. In this role, Xu will apply over 20 years’ experience in both scientific modeling and large-scale, mission-critical, enterprise software …

Markel Promotes Latham and Girard

Markel Corp. announced that it has promoted John Latham to president, wholesale division, and Steve Girard has been promoted to executive vice president, southeast regional operations. Latham will continue to oversee Markel’s regional offices located in Virginia, Texas, Arizona, California, …

Calif. Legislature Addresses Workers’ Comp Measures

The California Legislature took action on several workers’ compensation measures recently, passing bills that, among others, would extend death benefits until the youngest child reaches 19 if the parent died while serving in certain law enforcement services (AB 1696); and …

Steve Brooks Insurance Merges With Tri-County, Renamed B&B Premier Insurance Solutions

Nine months after Eric Bossuk, former CEO of Tri County Insurance based in Calabasas, Calif., and Steve Brooks, former President of Steve Brooks Insurance Services based in Westlake Village Calif.,, announced they would be merging their companies, their joint venture …

Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits

The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined the original plaintiff Monday in the lawsuit, which …

Bolton & Co. Names Allen Assistant VP for Employee Benefits

Pasadena, Calif.-based Bolton & Co. announced that Wendee Allen has joined the firm as assistant vice president in the Employee Benefits division. She is the sixth producer to join Bolton in 2010. Allen has a 22-year record of accomplishment in …

Study: Compound Drugs, Co-Packs Increase Calif. Workers’ Comp Costs

The use of compound drugs, medical foods, and so-called convenience packs that combine prescription drugs and medical foods, increased dramatically in the second quarter of 2007 — driving up costs in the state’s workers’ compensation system, according to a new …

Surplus Lines Bills Await Schwarzenegger’s Signature

The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the total capital and surplus requirements for nonadmitted insurers …

Liberty Golden Joins The Iroquois Group

Liberty Golden Insurance Services of Newark, Calif., has joined The Iroquois Group. Iroquois is a network of property and casualty insurance agencies with more than 1,800 member agencies in 37 states.