California News

House Health Bill Boosts FTC Authority Over Health Insurers

Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials said. The FTC, which investigates alleged anticompetitive practices, has been …

Small Business Owners See Their Firms Leading Recovery Next 2 Years

Looking out 12 to 24 months, small business owners say their companies will emerge from the recession strong and well positioned for growth over the next two years, leading the U.S. to economic recovery. According to new study, The Guardian …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

What Employers Need in Employment Practices Liability Insurance Today

Over the past 10 years, the number of employees filing individual discrimination charges against their employers has increased by 20 percent, resulting in $274.4 million in monetary benefits paid out in 2008, according to the Equal Employment Opportunity Commission (EEOC). …

States and Cell Phone Driving Laws

A jurisdiction-wide ban on driving while talking on a hand-held cell phone is in place in 7 states (California, Connecticut, New Jersey, New York, Oregon, Utah, and Washington) and the District of Columbia. Utah has named the offense careless driving. …

A Century of Growing and Giving Back

Old age hasn’t set in at Barney & Barney yet and with almost 20 percent growth in each of the last nine years, it doesn’t look like it will take root any time soon. With $32 million in revenues and …

Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

Decades in the Making, NAIC Outlines Natural Catastrophe Plan

White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the …