California News

California Insurance Investments in Underserved Areas Improves

California Insurance Commissioner Dave Jones announced today that since he took office in January, insurance companies and other investors have made $23.6 million in investments in under-served communities. Commissioner Jones sent a letter in February to insurance company CEOs encouraging …

SullivanCurtisMonroe Hires New VP in Irvine

Southern California’s SullivanCurtisMonroe Insurance Services, LLC, is pleased to announce the arrival of Jacqueline Scott, vice president, to its Irvine Office. SullivanCurtisMonroe, a full service, insurance agency focused on middle market companies, has offices in Irvine, Pasadena, and Corona, CA. …

Moran Named to California Workers’ Compensation Administrator Post

Rosa Moran, 50, of Oakland, has been appointed administrative director of the California Division of Workers’ Compensation by Gov. Jerry Brown. Moran has served as a workers’ compensation judge since 2005. Previously, she was an attorney in private practice from …

Insurance Charitable Foundation Supports 10 More California Groups

The Insurance Industry Charitable Foundation (IICF) Western Division has awarded $52,415 in community grants to 10 non-profit organizations. These awards mark the second round of grant funding for 2011 and increase the IICF Western Division’s yearly grant contributions to $232,915, …

More Funds Sought for California Train Crash Victims

Members of California’s congressional delegation are calling on a company to set aside substantially more money to compensate victims of a 2008 commuter train crash in Los Angeles County. The 17 lawmakers argue that medical bills, lost income and other …

Calif. Workers’ Comp Loss and Expense Payments Increase Nearly 3%

California workers’ compensation insurer’s loss and expense payments totaled more than $11 billion in calendar year 2010, according to the California Workers’ Compensation Institute, which issued a report based on estimates released last month in the Workers’ Compensation Insurance Rating …

Mercury General to Report Q2 Results on August 1

Los Angeles-based Mercury General Corp. reported that on August 1, it will release results for its second quarter ended June 30, 2011. The company will host an investor conference call and webcast that same day at 10 a.m. PST to …

M&M Insurance Services Joins the ISU Network

M&M Insurance Services of Marine Park, N.Y., has joined the ISU Network. ISU M&M Insurance Services will continue to represent real estate clients, but has branched out to include hedge funds and high net worth individuals. Agency Principal Marc Rovner …

Calif. Commissioner Pegs $32M to Fight Workers’ Comp Insurance Fraud

California Insurance Commissioner Dave Jones has announced nearly $32 million in grants have been awarded to district attorneys across the Golden State to assist them with the investigation and prosecution of workers’ compensation insurance fraud. The grant funding is the …

Nonresident Workers in California Are Subject to California Overtime

California’s overtime requirements apply to work performed in California by non-residents, the state Supreme Court has decided, effectively expanding the use of the state’s Wage and Hour law. The Sullivan v. Oracle case arose from an appeal of a 2008 …