Business
California’s insurers seem to hope the coronavirus distraction will allow them to sneak a big rate increase past regulators.
June 19, 2020
LandAmerica denies kickback allegations but vows to halt reinsurance arrangements with builders and lenders.
Feb. 24, 2005
Executives of the industry are grilled about their ‘captive reinsurance’ programs during a hearing in L.A.
April 5, 2005
Accused by the state of taking part in kickback schemes, they will pay a total of $37.8 million.
July 21, 2005
Mission Insurance Co. and the state Department of Insurance tentatively agreed Tuesday on a plan that would allow the financially beleaguered company to meet its insurance obligations by reinsuring most of its policies with another company.
Nov. 27, 1985
LandAmerica maintains that it did not give kickbacks to builders, banks and realty agents.
March 1, 2006
Garamendi is looking into alleged kickbacks paid by the companies for client referrals.
Feb. 23, 2005
Billionaire investor Warren E.
May 7, 2005
Courts: Case stems from aborted $200-million IPO in reinsurance firm. Defendant unavailable for comment.
Sept. 27, 1996
Severe thunderstorms during this year’s first half led to $34 billion in insured losses in the U.S., an unprecedented level of financial damage in such a short time.
Aug. 9, 2023