California Department of Insurance News

Arraignment Set for Former California Agent in Decade-Long Scheme

Valerie Ann Verdugo, 38, of Bakersfield, Calif., is scheduled to be arraigned Wednesday on felony insurance fraud charges for obtaining insurance coverage without paying the carrier on those policies for more than a decade. Verdugo, a licensed agent, surrendered herself …

CDI: Trucking Company Owners Cheated Workers’ Comp Carrier out of Millions

A pair of California trucking company owners were arrested for cheating their worker’s compensation insurer out of millions of dollars. Alvin Shin Chen, 54, and Fiona Xilin Chen, 46, both of La Cañada Flintridge, Calif., were arrested this week at …

Groups: California Auto Repair Regs Will Increase Auto Insurance Rates

As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their opposition to the proposals. The groups are: The American …

California Consumer Group Wants State Farm Homeowners Rate Reduction

State Farm has overcharged its customers roughly $78 million since at least July 2015, and should be required to refund that money, Consumer Watchdog told the California Department of Insurance last week. The group wants State Farm to cut its rates …

Organized Crime Ring in California Busted for Auto Collision Fraud

Juan Ortiz Velazquez, 27, of San Jose, Calif. and owner of Carlos Auto Body, was arrested with seven other suspects and charged with multiple counts of felony insurance fraud  on Wednesday for allegedly filing 20 fraudulent claims to four insurance …

California Adjuster, Family and Friends Embezzled $250k from Insurer, CDI Says

Elizabeth Louise Brown, 48, of Canyon Country, a former claims adjuster with Explorer Insurance, was arrested this week and charged with multiple felonies, including insurance fraud and conspiracy for allegedly embezzling more than $276,000 from her employer. Another eight people …

Former California Agent Admits To Embezzling From Clients

Julie Diane Shinar, 44, of Long Beach, Calif., was convicted of theft by embezzlement in Long Beach Superior Court. Shinar was ordered to serve three years of formal probation and pay $29,158 in restitution to her victims. Shinar reportedly received …

California Insurance Agent Convicted of Identity Theft and Forgery

Said Lakhlifi, 52, of Covina, Calif., a licensed insurance agent and owner of Mogador Insurance Center, pleaded no contest and was convicted on three misdemeanor counts of identity theft, forgery and petty theft. Lakhlifi was also ordered to pay restitution …

California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums

Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance detectives and booked …

Southland Woman Charged in Bogus Insurance Policy Commission Scam

Teresa Marie Davis, 52, of Pomona Calif., was arrested at her home by California Department of Insurance investigators and booked on multiple counts of identity theft and grand theft in an alleged bogus life insurance scam that netted her over …