California News

Insurance Professionals of Orange County Install New Officers

The Insurance Professionals of Orange County,Calif., (IPOC), a local representative of the National Association of Insurance Women (International), has installed new officers for the 2011/2012 term. They are: President Freeda Koopsmans, retired senior commercial lines underwriter with Northbrook Property & …

Manning Riddell Co-Owner Pleads Guilty to Bogus E&O Coverage

Margaret Murray Manning of Redondo Beach, Calif., has been found guilty of six felony counts for violating section 550(b) (3) of the California Insurance Code, for allegedly issuing more than 1,000 phony errors and omissions policies for life insurance agents …

Sperbeck Appointed Calif. Deputy Insurance Commissioner

Insurance Commissioner Dave Jones announced that he has appointed Erika Sperbeck as the new deputy insurance commissioner of the Administrative and Licensing Services Branch. Sperbeck comes to CDI from the California Health and Human Services Agency, where she has served …

Court Approves Majestic Insurance Rehabilitation Plan

A San Francisco Superior Court has approved California Insurance Commissioner’s rehabilitation plan for Majestic Insurance Co., a failed workers’ compensation insurance carrier. Under the plan, Majestic’s insurance liabilities and certain assets will be transferred to AmTrust North America Inc., which …

Woodruff-Sawyer Names Pierson VP in Southern California

San Francisco-based Woodruff-Sawyer & Co., an independent insurance broker, has named John Pierson vice president, account executive, in the company’s Southern California Office. He will focus on client service and specialize in assisting with their risk management needs. Pierson has …

Calif. State Fund Seeks to Offer Workers’ Comp in Other States

California State Compensation Insurance Fund is pursuing legislation to allow it to offer coverage to California employers who have out of state employees. Currently, California-based businesses insured with State fund must obtain a separate workers’ compensation policy to cover employees …

Former Calif. Deputy Insurance Commissioner Gary A. Hernandez Passes

Former California Deputy Insurance Commissioner Gary A. Hernandez, has died as the result of a pulmonary embolism, the state Department of Insurance announced. Hernandez was a leader in Latino community, a dedicated public servant, talented lawyer, inspiring community leader, and …

Calif. Workers’ Comp Insurance Rating Bureau President Retires

After more than 42 years of service to the California workers’ compensation community, Workers’ Compensation Insurance Rating Bureau President and CEO Robert Mike announced that he will retire effective Dec. 1, 2011. Planning for Mike’s succession began in late 2010. …

USAA Reducing Calif. Homeowners Insurance Rates 15%

USAA is reducing insurance rates for most of its California policyholders an average of 14.9 percent, the California Department of Insurance announced, noting it had approved the rate filing. “This is good news for the approximately 200,000 USAA policyholders … …

Northern Calif. Tornadoes Destroy Almond Crops

Officials say tornadoes that touched down in a rural area of Northern California destroyed hundreds of acres of almond orchards. The twisters hit Butte and Glenn counties on May 25. Colleen Cecil with the Butte County Farm Bureau tells the …