“Hey, Matt, did you hear about…?” Uh-oh. Another slippery item has tumbled out of the Rumor Mill. Sure, rumors happen all the time. Their origins can be highly ambiguous, mysterious and often take on a life, even if ephemeral, of their own. adjustercom recently fielded “strong rumors” that the venerable Fireman’s Fund Insurance Co. was... Read More
The specter of a third blow resulting from the 1994 Northridge earthquake is on the minds of homeowners and a nonprofit victims’ organization in and around ground zero of the January 1994 shaker that caused 57 deaths and at least $15 billion in property damage. “Seven years ago, people were victimized by a massive earthquake,”... Read More
California Quake Insurance Scandal Jolts Former Commissioner’s Aide
The first criminal charges to emerge from former California Insurance Commissioner Chuck Quackenbush’s quake scandal, has landed a top aide on the hot seat. George Grays, a former deputy insurance commissioner and Quackenbush campaign associate, pleaded guilty Jan. 16 to taking $170,900 in kickbacks for diverting money from a $12 million insurance settlement fund. Grays’ injudicious... Read More
