California News

Court Says Stockholders Can Vote on Fairfax-Zenith Insurance Merger

Zenith National Insurance Corp. announced today that the Delaware Court of Chancery, ruling from the bench after hearing arguments from plaintiffs who had filed actions in both Delaware and California, has denied the preliminary injunction that was filed to attempt …

Worldwide Facilities Names Belgarde VP in Los Angeles

Worldwide Facilities Inc. has announced that Renee K. Belgarde has joined the property division in the Los Angeles headquarters as vice president and broker. Belgarde will be responsible for new business development and servicing the division’s current clients. She will …

California Estimates Easter Quake Damage at $91 Million

Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …

Many Insurance Professionals on Fantasy Island

Many insurance industry professionals are living in a dream. Their fantasy is that the soft market is ending, but nothing could be further from the truth. As long as our economy stays weak, the soft market will continue. A good …

Auto Insurers Begin Process of Recouping Losses from Toyota

Insurance companies are gearing up to recoup from Toyota money they paid for claims in crashes involving sudden acceleration, the subject of major safety recalls by the Japanese automaker. It could also mean money back for some drivers who paid …

Divinsky Joins Momentous Insurance Brokerage as Account Executive

Momentous Insurance Brokerage Inc. of Van Nuys, Calif., has announced that Marifel Divinsky, former senior account manager from USI of Southern California, has joined the company as an account executive. Divinsky has more than 15 years of experience in marketing …

Oklahoma’s Insurica Adds Rosenhamer to Surety Practice

Oklahoma City-based Insurica Insurance Management Network has hired Dillon B. Rosenhamer of Edmond, Okla., to augment the company’s surety practice. Rosenhamer has experience in the banking industry, most recently as an assistant vice president in commercial lending with First Fidelity …

Father Loses California Malpractice Suit Over Son’s Brain Damage

A man who claimed his infant son was left brain-damaged after surgery at Childrens Hospital of Los Angeles has lost a $19-million lawsuit. A Los Angeles jury ruled in favor of the hospital and two doctors. Eduardo Rivas of Tujunga …

Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded

An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a bill by Rep. Cameron …

Ascension Insurance Acquires Nevada’s Kapp Insurance Agency

Kansas City, Mo.-based Ascension Insurance Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency Inc., doing business as Portal of Nevada. Portal of Nevada is a full service employee benefits consulting firm with clients throughout Nevada and …