July 27, 2000 |
Former Insurance Commissioner Chuck Quackenbush acted without legal authority when he made settlements after the Northridge earthquake that required insurers to contribute to foundations whose activities were not related to the disaster, an opinion by state Atty. Gen. Bill Lockyer said Wednesday.
May 16, 2000 |
Who says history doesn't repeat? The Federal Reserve today is expected to raise the target for its benchmark short-term interest rate by half a percentage point--six years to the day of the first half-point hike in the Fed's last major credit-tightening round. But whether financial markets' reaction to the Fed's more aggressive stance in 1994 can tell us anything about what might occur this time around is questionable.
May 12, 2000 |
Former Simi Valley Councilwoman Sandi Webb has launched a campaign to recall state Insurance Commissioner Chuck Quackenbush, saying his handling of disputed insurance claims has made him unfit for office. "He has misused his office for personal gain," Webb said. "Money has disappeared down so many different holes, and none of it is going to the victims."
May 11, 2000 |
It's such a simple word, a modest, wholesome-sounding little thing. "Outreach." As in reach out. As in help. Picture armies of heroic souls in the trenches, outreaching away. Hospital workers comforting lonely cancer victims. Churches tending the needy. Cops getting kids off drugs. But in Sacramento these days, the word "outreach" is a tad besmirched, given the juicy role it plays in the unfolding drama starring Chuck Quackenbush.
May 11, 2000 |
The most puzzling piece of the Chuck Quackenbush scandal--Quackquake--is simply this: What was the insurance commissioner thinking when he blew off his natural political base in the earthquake-devastated L.A. suburbs? The San Fernando and Simi valleys. Canyon Country . . . Republican country. And toward downtown, huge pockets of swing voters. Much of this region voted overwhelmingly for Republican Quackenbush's reelection two years ago.
May 6, 2000 |
A Superior Court judge on Friday froze the assets of a foundation created by Insurance Commissioner Chuck Quackenbush after hearing it described as a "sham" operation whose monies were improperly diverted by one of the commissioner's key deputies. Sacramento Superior Court Judge John R. Lewis ruled that funds deposited with the foundation for Northridge earthquake victims will be frozen until he can conduct a hearing May 22. On that date, the court will consider state Atty. Gen.