California News

California Workers’ Compensation Insurance Market More Lucrative

Prices are improving in the California workers’ compensation insurance market — at least according to one specialty workers’ compensation carrier in the Golden State. According to PacificComp President and CEO James E. Little, prices have been improving as some of …

Florida #1 in Staged Accident Claims

Suspicious insurance claims from staged accidents are on the rise- and nowhere more than in New York and Florida, two states with no-fault statutes. Georgia and North Carolina are also among the top states. Overall, the number of questionable claims …

Ratings Recap: Zenith, BancInsure, First Chicago, Town & Country, Rural Community

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company and its wholly owned subsidiary, ZNAT Insurance Company. Best …

Business Moves

Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system to combine insurance and tax preparation under one roof, announced it has opened 20 new locations during the past 90 days. The company’s unprecedented growth phase has increased its …

Two Calif. Workers’ Comp Defense Firms Merge

Heggeness, Sweet, Simington & Patrico, a San Diego-based workers’ compensation defense firm and Mentz, Finn & McDowell, a San Francisco-based workers’ comp defense firm, have announced an agreement to combine operations as of June 1, 2010. HSSP provides employers, insurers …

People

New York-based insurance brokerage and risk management firm Integro has hired Robert H. Easton as deputy general counsel and chief compliance officer. Easton most recently served as deputy superintendent and general counsel for the New York State Department of Insurance. …

Zenith Announces Commencement of Consent Solicitation

Woodland Hills, Calif.-based Zenith National Insurance Corp. announced it has commenced a consent solicitation relating to the 8.55 percent Capital Securities of Zenith National Insurance Capital Trust I, which holds as its sole assets the 8.55 percent Subordinated Deferrable Interest …

Business Moves

Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system that combines insurance and tax preparation under one roof, recently opened 20 new offices in various locations, increasing its presence to more than 60 open locations throughout the United …

Calif. Agent, Insurer Groups Discuss Homeowners Replacement Cost Regs

To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI hosted a hearing to garner feedback on the regulations on May 17 in Los …

Business Moves

Security Planning, CSIPros Salt Lake City-based Security Planning & Insurance Corp., an insurance carrier in the childcare industry, launched Charter School Insurance Professionals (CSIPros), an insurance company to focus exclusively on providing whole-package insurance to charter schools nationwide. According to …