California News

Insurance Industry Foundation Grants for 2010 Support Children’s Charities

The Insurance Industry Charitable Foundation (IICF) announced four new grants at the organization’s annual dinner last week in New York. This year’s grants are primarily directed to children’s charities and include Boys Hope Girls Hope New York, the International Rescue …

Wells Fargo Appoints San Francisco Broker

Wells Fargo Insurance Services is pleased to announce Jennifer Schaeffer is a senior broker with the Professional Risk Group. Schaeffer will be based in San Francisco, Calif. She will focus on directors’ and officers’ liability insurance for both new and …

American Claims Management Completes Annual SAS 70 Type II Audit

San Diego, CA, 12/14/09 – American Claims Management, Inc. (ACM), a leading third party administrator (TPA) of insurance claims services, announced today that it has received its Statement on Auditing Standards No. 70 (SAS 70) Type II report with no …

Union General Insurance Offers Apartments Coverage

Concord, Calif.-based Union General Insurance Services has made available to California agents, an “A+” rated carrier offering both monoline and package coverage for apartments. Multiple lines of coverage can be provided such as: general liability, property, inland marine and crime …

California’s Insurance Executive Bannister Dies

Wesley Mastin Bannister, 73,of Huntington Beach, Calif., has died. Bannister competitively ran for California Insurance Commissioner in 1990, 1994 and again in 2002. From 1986 to 1990, he served on the City Council and Mayor of Huntington Beach. He started …

Poizner Fronts Governor Campaign $15 Million

California State Insurance Commissioner Steve Poizner will give his campaign for the governor’s office $15 million of his own money, according to news reports. Poizner, a former high-tech company executive, previously gave his campaign $4 million. Polls released last month …

Southern California Storms End Undramatically

Despite concerns late last week that rains might produce severe mudslides in the areas in Los Angeles County denuded by the Angeles National Forest wildfire, the rains apparently have tapered with little damage caused. Over the weekend, 44 residents in …

New York Officials Sue Workers’ Compensation Trust Manager CRM

Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the management of its workers’ compensation business …

Heffernan Insurance brokers Names Feliciano VP in Los Angeles

Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired Cecille Feliciano as vice president in its Los Angeles office. She will be focusing on employee benefits, new business development, and account management for employers in Southern California. Feliciano brings 15 years …

California Commissioner Asks Farmers to Review Insurance

California Insurance Commissioner Steve Poizner today announced that due to the recent frost warnings issued throughout the San Joaquin Valley, farmers should take a close look at their crop insurance policies to make sure they are up-to-date and offer enough …