California Department of Insurance News

CDI: True Religion Subcontractor Underreported $78M in Payroll

The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested this week on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Businesses Sung Hyun Kim, 57, and her sister Caroline …

Former California Agent Charged With Scamming Elderly Church Members

Constance Gail Fortune, 61, was arraigned in Los Angeles Superior Court in California and charged with three felony counts of grand theft and one felony count of financial elder abuse for allegedly scamming seniors, many of whom were members of …

Jury Finds California Woman Guilty On Multiple Counts of Insurance Fraud

Jill Audette, 28, of San Diego, Calif., was convicted on five felony counts of insurance fraud and leaving the scene of a collision after falsely claiming her car was stolen and involved in a hit and run collision. Audette’s sentencing …

California Agent Nabbed on Bogus Bond, $100K Premium Theft Charges

Licensed insurance agent Lars Hedegaard, 63, of Danville, Calif. was arrested on two felony counts of grand theft. Hedegaard was doing business as Westport &Associates Insurance Services Inc. when he allegedly issued 14 fraudulent bonds to contractors and collected $111,365 …

Former California Agent Convicted of Stealing School Employee Identities

Magaly Morales, 51, a former life insurance agent, has been sentenced to three years and four months in state prison for stealing information from school district employees in 13 California counties. Morales last week plead guilty to forgery, identity theft …

WCIRB Submits Lower Mid-year Filing to California Department of Insurance

The California Workers’ Compensation Insurance Rating Bureau on Monday submitted a July 1 pure premium rate filing to the California Department of Insurance proposing advisory rates that average $2.46 per $100 of payroll. The move follows a recommendation by the …

California Workers’ Comp Committee Votes for Lower Mid-Year Filing

The California Workers’ Compensation Insurance Rating Bureau Governing Committee voted on Wednesday to authorize the WCIRB to submit a mid-year pure premium rate filing to the California Department of Insurance that’s 5 percent lower than the Jan. 1 filing. The …

California Broker Nabbed for Pocketing More Than $500K From Safety Program

Arthur Cade, 60, a licensed insurance broker-agent in California, was arrested on three felony counts of grand theft for stealing more than $100,000 from a Los Angeles Unified School District program and more than $400,000 from other programs managed by …

California Commissioner Names New Insurance Diversity Task Force

California Insurance Commissioner Dave Jones on Monday announced the members of the 2015-2016 Insurance Diversity Task Force, which will make recommendations to Jones on ways to increase diversity in procurement and governing boards within the insurance industry. Task Force members …

California Consumer Group Seeks Enforcement Action Against Geico

The Consumer Federation of California is alleging that Geico Insurance Co. illegally quotes higher minimum automobile coverage levels than permitted under state law to unmarried, lower or moderate-income motorists The allegations were made in a petition filed Thursday with the …