California News

California Targets Law Firms It Says Preyed On Struggling Homeowners

California has broken up what it called a ring of law firms that fraudulently induced struggling homeowners nationwide to pay thousands of dollars each to file mass lawsuits against their mortgage lenders. Kamala Harris, the state’s attorney general, said Thursday …

Towers Watson Hires Reinsurance Agent in San Francisco

Global professional services company Towers Watson, the global professional services company has appointed Conrad Lagasca vice president in its reinsurance brokerage business. Lagasca, who will be based in San Francisco, will be responsible for working with Towers Watson’s clients in …

San Diego-Based Champion Hires Former Agency Owner

Champion Risk & Insurance Services, L.P., an affiliate of Wood, Gutmann & Bogart Insurance Brokers, has announced that Bob Cheverton has joined the firm as a producer. Prior to joining Champion Risk, which is located in San Diego, Cheverton was …

California Economy Impacts Workers’ Compensation Costs

Workers’ compensation benefits for workers injured on the job in California decreased 1.6 percent to $9.3 billion in 2009, according to a study released today by the National Academy of Social Insurance (NASI). In 2009 (the most recent year with …

California Initiative Will Ask Voters to Expand Persistency Discounts

The California Attorney General’s office last week released a title and a summary of a proposed ballot initiative that would allow automobile insurers to offer “persistency discounts” to new customers. The bill is being sponsored by the American Agents Alliance. …

California Supreme Court Rules on Workers’ Comp Payment Increases

The California Supreme Court has ruled that cost of living adjustments in total permanent disability cases are to be calculated starting the January 1 after the injured worker started collecting his or her payments. The ruling is expected to be …

California Insurance Commissioner Addresses Insurer S&P Downgrade

California Insurance Commissioner Dave Jones yesterday issued the following statement in regard to the downgrade by Standard & Poor’s (S&P) of the credit rating of certain insurers from AAA to AA+ associated with the S&P downgrading of the U.S. credit …

Kerstenbeck Wins San Diego Insurance Women Award

Kathleen Kerstenbeck was presented the San Diego Insurance Woman of the Year award at the greater San Diego I-Day. Kertsenbeck is employed as an account executive at CMR Risk & Insurance Services in San Diego. She is the current regional …

Workers at California’s PG&E Claim Safety Ignored

A Northern California newspaper is reporting that Pacific Gas and Electric repeatedly ignored safety concerns raised by its employees in the years before last year’s deadly pipeline explosion in San Bruno and sometimes punished workers for speaking up. The San …

Santa Monica’s White & Co. Hires Agent

White & Company Insurance Inc., of Santa Monica, Calif., has added Dane Lupe to its staff. Lupe is coming to White Sutton as a producer, responsible for new and renewal business. Lupe has three years of experience in commercial property/casualty …