California Department of Insurance News

California Underground Economy Sweep Results in Fines, Citations

The California Department of Insurance on Wednesday led a statewide multi-agency sweep in which representatives visited more than 50 businesses to educate owners about their obligations to comply with insurance, licensing, workplace safety and labor laws, tax codes and regulations. …

UnitedHealth’s $173M Fine May Be Warning to P/C Insurers

A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims settlements may be a wakeup call for not …

California Sweep Leads to Citations for Underground Operators

A multi-agency task force consisting of more than 100 detectives and investigators focused on curbing California’s underground economy conducted a sweep across major metropolitan areas statewide issuing more than 60 citations for various violations and six work stop-orders, according to …

Jones, Gaines to Face off for California Insurance Commissioner

It looks like incumbent Dave Jones will face off against Republican opponent Ted Gaines in the race for insurance commissioner, according to results from Tuesday’s primary election. Jones, a heavily favored Democrat, garnered 53.1 percent of the vote versus Gaines’ …

Arrests in California Fraud Ring Targeting Auto Dealers and Insurers

A four-year investigation into an organized fraud ring has uncovered a million-dollar scheme targeting high-end vehicles through auto loan and insurance fraud has led to several arrests, according to the California Department of Insurance. CDI said it executed coordinated arrest …

WIAA Objects to In-House Producer Disciplinary Hearings in California

The Western Insurance Agents Association is throwing up some objections to a California Department of Insurance proposal that would enable the department’s hearing bureau to adjudicate agent/broker and carrier disciplinary proceedings. Producer disciplinary proceedings in California have been held for …

California Commissioner Gives ‘App On, No Match’ Ridesharing View

California Commissioner Dave Jones made his initial recommendations to the California Public Utilities Commission on Tuesday following the California Department of Insurance’s investigatory hearing on March 21 relating to insurance issues and transportation network companies. Jones made his recommendation public …

Small Workers’ Comp Carrier Exits California

Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the California Department of Insurance. The workers’ comp carrier is part of the Magna Carta …

Website Has Investment Policies of California’s Largest Insurers

The community investment policies of the state’s top 206 insurance companies are now available on the California Department of Insurance website. “By knowing what types of investments California insurers plan to make, as well as their decision process on making …

Former California Broker Charged With Identity Theft And Forgery

Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts. The charges include grand theft, forgery, and identity theft for allegedly using another agent’s identity to …