News Digest 9/28/2006
Bustamante Says He Would Expand Role of Insurance Commissioner Lieutenant Gov. Cruz Bustamante, who is running for state insurance commissioner against Silicon Valley billionaire Steve Poizner on the Nov. 7 …
Tagged in: Insurance
News Digest 9/20/2006
State Fund Hosts Free Restaurant Supervisor Training Today in Sacramento The California State Compensation Insurance Fund is sponsoring a free restaurant-safety training program for supervisors today, Sept. 20, 2006 at …
State Fund Hosts Free Restaurant Supervisor Training Today In Sacramento
The California State Compensation Insurance Fund is sponsoring a free restaurant-safety training program for supervisors today, Sept. 20, 2006 at its Sacramento District Office. The workshop is designed to help restaurant managers and owners create a comprehensive health and safety training program for their workers. The seminar will also examine how to reduce compensation costs …
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News Digest 9/15/2006
Garamendi Announces Sentencing of San Diego Couple for Fraud California Insurance Commissioner John Garamendi announces the sentencing of a San Diego County married couple to one-year jail terms for workers’ …
Garamendi Announces Sentencing Of San Diego Couple For Workers’ Comp Fraud
California Insurance Commissioner John Garamendi on Wednesday announced the sentencing of a San Diego County couple, Eduardo Ruiz Rocha and Noemi Rocha Quirino, to respective one-year and 360-day jail terms for felony workers’ compensation fraud, conspiracy and grand theft. The couple also must pay $48,588.52 in restitution to Liberty Mutual Insurance and California Indemnity Insurance …
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News Digest 9/14/2006
Zenith Increases Quarterly Dividend by 25% to $0.35 Per Share Zenith National Insurance Corp. declares a regular quarterly cash dividend of $0.35 per share on its outstanding shares, an increase …
Zenith Increases Quarterly Dividend By 25% To $0.35 Per Share
Zenith National Insurance Corp. declares a regular quarterly cash dividend of $0.35 per share on its outstanding shares, an increase of 25% from $0.28 per share declared previously in 2006. The company’s press release states that the dividend is payable November 15, 2006 to stockholders of record at the close of business on October 31, …
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A.M. Best Places Majestic Insurance Company Under Review With Negative Implications
Ratings bureau A.M. Best Co. on Sept. 11, 2006 placed the financial strength rating of B++ (Very Good) of Majestic Insurance Company of San Francisco under review with negative implications, as a result of the announced signing of a definitive agreement for CRM Holdings Ltd. to acquire Majestic’s parent company, Embarcadero Insurance Holdings Inc. As …
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