21st Century Insurance Co

21st Century Insurance Co. in Woodland Hills has been upgraded to an A+ rating by A.M. Best, the world's oldest authoritative insurance rating and information source. The new A+ (Superior) rating represents Best's recognition of 21st Century's improvement since the 1994 Northridge earthquake, which forced the company to liquidate $500 million of its investment portfolio. The company paid more than $1.

21st Century Insurance Co. in Woodland Hills has been upgraded to an A+ rating by A.M. Best, the world's oldest authoritative insurance rating and information source. The new A+ (Superior) rating represents Best's recognition of 21st Century's improvement since the 1994 Northridge earthquake, which forced the company to liquidate $500 million of its investment portfolio. The company paid more than $1.

Insurance Commissioner Chuck Quackenbush rejected recommendations from his own legal team that some of the biggest insurance companies in the state be fined hundreds of millions of dollars for mishandling claims in the aftermath of the devastating Northridge earthquake.

Insurance Commissioner Chuck Quackenbush rejected recommendations from his own legal team that some of the biggest insurance companies in the state be fined hundreds of millions of dollars for mishandling claims in the aftermath of the devastating Northridge earthquake.

Auto insurance: An article in Business on Saturday about proposed pay-as-you-drive policies for motorists said the acquisition of 21st Century Insurance Co. by Farmers Insurance Group had been finalized. The purchase was approved Friday by California Insurance Commissioner Steve Poizner but has not been finalized in all states where 21st Century does business.

21st Century Insurance Co. has requested a 28% increase in its homeowners insurance premiums, according to a state Department of Insurance filing. 21st Century officials said the Woodland Hills company's premiums are significantly below the industry average in California and would remain below average if the hike is approved.

Trophies were awarded to 23 floats in the 112th Tournament of Roses, whose overall theme was "Fabric of America." The winners, including theme, sponsor and description of category: Sweepstakes Trophy: "Enchanted Expedition," Rain Bird Sprinkler Manufacturing Corp. Most beautiful entry with outstanding floral presentation and design. Lathrop K. Leishman Trophy: "Central Park Fashion on Parade," Downey, Rose Float Assn. Most beautiful float entered by a noncommercial sponsor.

Five companies that cut millions of dollars in settlement deals with former state Insurance Commissioner Chuck Quackenbush have filed court papers trying to prove the agreements are legally binding--despite a lawsuit by the state attorney general intended to wipe them out. If the companies fail, they will face a fresh investigation into allegations that they low-balled hundreds and possibly thousands of people while paying damage claims linked to the 1994 Northridge earthquake.

Joey Buttafuoco, notorious for his love affair with a teenager who shot his wife in the face, was sentenced to a year in jail Monday for insurance fraud and banned from the auto body business in California for life. Prosecutors dropped other charges, including grand theft, in return for Buttafuoco's guilty plea. Los Angeles County Superior Court Judge David Horwitz also ordered him to pay $4,624 in restitution to 21st Century Insurance Co.

Customers of 21st Century Auto Insurance Co. will get an average $50 cut in annual premiums as part of a $34-million statewide rate reduction, California Insurance Commissioner Steve Poizner announced Wednesday. The company, which was recently acquired by Farmers Insurance Group, insures more than 1 million California vehicles, representing about 5% of the private passenger car insurance market.

Lawmakers demanded Monday that Insurance Commissioner Chuck Quackenbush appear at an April 26 hearing and produce confidential reports his office prepared on the handling of Northridge earthquake claims by six major insurance companies.