California News

IOA Insurance Services Adds 7 Producers in California

Florida based Insurance Office of America has added seven new producers. Barry Nordstrom and David Mohn join IOA’s San Diego operation. Nordstrom and his team specialize in the insurance and risk management needs of real estate developers, builders and general …

Zurich Expands Energy Units in Western U.S., Latin America

Zurich’s Global Energy has expanded its operations in the Western U.S. and Latin America through the addition of new Global Energy underwriting and risk engineering operations within Zurich offices in Glendale, Calif., Buenos Aires, Argentina and Sao Paulo, Brazil. These …

Barney & Barney Insurance Brokerage Launches Women’s Initiative

Women are under-represented in leadership positions in the insurance industry. Consequently, San Diego-based Barney & Barney LLC has launched a women’s initiative — B&B G.R.O.W., which stands for Growth in Relationships and Opportunities for Women — to attract women to …

Calif. Workers’ Comp Premiums Not Affected By Rating Formula Changes

A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pur premium generated after application of 2010 workers’ compensation experience modifications has not been affected by changes in the experience rating formula that was …

Momentous Insurance Brokerage Names Trent Sales Executive

Van Nuys, Calif.-based Momentous Insurance Brokerage Inc. has named Ryan Trent a sale executive. Trent joins Momentous from the insurance division of ADP, a payroll service provider. Trent has more than 10 years of experience in client service and relationship …

W. Brown & Associates Purchases Vulcan E&S Insurance

W. Brown & Associates Property and Casualty of Irvine, Calif., has purchased the commercial lines business from Vulcan Excess and Surplus Insurance, effective May 1,2010. Vulcan President Brad Snow, along with Gina Snow and Linda Hinshaw, will join the W. …

Employers Direct Relaunched as PacificComp to Work With Independent Agents

Agoura Hills, Calif.-based Pacific Compensation Insurance Co. (PacificComp), formerly Employers Direct Insurance Co., has relaunched its business with a new name and transformation from a direct writer of workers’ compensation insurance to an agency company. PacificComp will now partner exclusively …

Florida’s 21st Century Drops Bid to Acquire HomeWise; Gets Rate Hike

Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to raise rates 14.9 percent on some …

California Wants to Impose Insurance Surcharge to Develop Emergency Fund

The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to assist the state with the creation of …

Hiscox USA Opens Southeast Regional Office

Hiscox USA has opened a Southeast regional office in Atlanta, Georgia. The office, which is led by Robert Gadaleta will serve as a regional hub for brokers in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. …