California Department of Insurance News

Cal Fire Captain, Insurance Agent Brother Arrested For Insurance Fraud

A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire Captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested last week on multiple felony counts of insurance …

Former California Agent Ordered to Pay Restitution for Premium Theft

Christopher Emery, 33, of Downey, Calif. formerly a licensed insurance broker doing business as CPE Insurance Services, has plead guilty to seven felony counts of grand theft for stealing insurance premiums. Emery collected premium payments from customers and failed to …

Report on California Workers’ Comp Reforms Touts Successes

The Department of Industrial Relations and its Division of Workers’ Compensation have released a report on progress implementing California’s workers’ compensation reforms. The report details increased payments to injured workers and significant cost-saving benefits for employers. The reforms are part …

California’s COIN Program Generates “Tens of Millions” in Community Funds

California Insurance Commissioner Dave Jones on Thursday paid homage to the insurance industry for “tens of millions” of charitable dollars that came from the insurance industry as part of the California Organized Investment Network. Jones made his remarks at the …

California Executive Life Insurance Settlement Ends 16 Years of Litigation

A settlement has been reached with the last remaining defendant in a 16-year-old lawsuit brought by the California Department of Insurance that arose out of the 1991 liquidation of Executive Life Insurance Co. The French company Artemis S.A. has agreed …

California Funds Incentives For Earthquake Protection

When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the state level. California Insurance Commissioner Dave …

Fosun’s Acquisition of Meadowbrook’s California Subsidiaries OK’d

The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing of …

7 in California and Washington Charged With 100+ Counts of Auto Insurance

Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …

Finston Named General Counsel of California Department of Insurance

John Finston was named general counsel for the California Department of Insurance. Finston, who has served as deputy commissioner for corporate and regulatory affairs for three years, will replace outgoing General Counsel Adam Cole. Finston has practiced regulatory law for …

2 California Men Nabbed for $1.4M Mobile Phone Insurance Scam

Jason Kwon, 32, of Santa Fe Springs, Calif., and David Chang, 32, of Burbank face 41 felony counts of insurance fraud, grand theft and identity theft for allegedly submitting fraudulent claims totaling $1.3 million to obtain low cost replacement mobile …