November 15, 2007 |
California Insurance Commissioner Steve Poizner on Wednesday named as his top lawyer a partner from a high-powered international law firm that has long battled Proposition 103, the landmark insurance initiative passed by voters in 1988. Poizner appointed Adam Cole, a 46-year-old graduate of Harvard Law School, as general counsel, heading a Department of Insurance staff of 80 attorneys. Cole is a partner in a firm that has a long history of representing State Farm Casualty Insurance Co.
August 6, 2007 |
Health insurers have always known a lot about their customers, but the customers can't always say the same about their insurers. That's about to change. The California Department of Insurance today plans to announce a new "healthcare report card" program for six of the state's largest preferred provider organizations, or PPOs. The reports will include information on quality of care and patient satisfaction so that consumers can compare plans.
March 1, 2005 |
California Insurance Commissioner John Garamendi said Monday that he had ended a six-month search for a chief executive to run the state agency that oversees more than $1 billion in assets from failed insurance companies. Garamendi named David E. Wilson to run the Conservation and Liquidation Office, a semi-governmental organization that helps the insurance commissioner rehabilitate financially shaky insurers or sell off their assets to pay policyholder claims. Wilson, 57, of Golden, Colo.
February 18, 2005 |
French insurer MAAF defaulted in a civil lawsuit in which it was accused of defrauding the state of California of billions of dollars in the purchase of Executive Life Insurance Co., spokesmen for both sides said. Norman Williams, a spokesman for the California Department of Insurance, said the state planned to ask a jury to order MAAF to pay a share of $3.7 billion in damages claimed in the suit, which also targets the French government and French bank Credit Lyonnais.
CALIFORNIA | LOCAL
February 16, 2005 |
One of the state's largest bail-bond companies has been indicted on 42 felony charges as part of a major statewide investigation of alleged corruption in the industry, the Los Angeles County district attorney's office said Tuesday. The charges handed down in November by the Los Angeles County Grand Jury against San Jose-based Bad Boys Bail Bonds include perjury, forgery and offering false evidence.
December 28, 2004 |
Woodland Hills-based Zenith National Insurance Corp. said Monday that it had received letters of inquiry from the California Department of Insurance requesting information about its arrangements and dealings with its agents and brokers. The state agency is among several regulators conducting wide-ranging probes into industry practices. Zenith said it was cooperating with the request, which it announced after the stock market closed. Zenith shares declined 4 cents to $49.