Insurance Journal » California Department of Insurance

Five Arrested In California Million-Dollar Mobile Phone Insurance Scam

Fri, 17 May 2013 14:54:38 +0000

Five Northern California residents were arrested by California Department of Insurance fraud investigators and booked into the Sacramento County jail and charged with multiple felony counts related to alleged insurance fraud totaling nearly $1 million, according to CDI. Investigators allege …

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Northern California Business Owner Sentenced For Premium Fraud

Wed, 27 Feb 2013 19:48:37 +0000

A Northern California business owner has been sentenced for workers’ compensation insurance premium fraud and pay over $2 million in restitution to insurers, the California Department of Insurance announced on Wednesday. Teresa Reif, 34, of Redwood City, Calif., who originally …

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California Commissioner Fingers Insurers for Iran Investments

Don Jergler — Wed, 13 Feb 2013 23:40:03 +0000

California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors. During a press conference in Los Angeles Jones called …

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California Department of Insurance: $20M Rate Reduction for Homeowners

Thu, 31 Jan 2013 23:11:28 +0000

Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated $19.4 million savings to QBE policyholders, with an average …

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Carriers ‘Uncertain’ About California Workers’ Comp Reform

Don Jergler — Thu, 20 Dec 2012 00:18:45 +0000

Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013. Insurance carriers, along with the many stakeholders who are watching and waiting as California’s …

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Profile: Workers’ Comp Fraud Expert Takes Old School Approach

Don Jergler — Wed, 12 Dec 2012 21:39:20 +0000

When a Southern California family was convicted of workers’ compensation insurance premium fraud, it wasn’t due to sophisticated software, a supercomputer or even high-tech surveillance techniques. It was the result of good old-fashioned detective work, according to Maryann Lazernik, who …

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California Department Insurance: Streamlined Licensing

Thu, 29 Nov 2012 23:23:09 +0000

The California Department of Insurance announced a new process for professionals submitting insurance agent, broker, adjuster and bail agent license applications to CDI. The new process “enhances customer service and increases the operational efficiency of handling licensing applications statewide,” according …

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Social Media Friends Nabbed In Northern California Staged Auto Insurance Fraud

Mon, 29 Oct 2012 23:43:42 +0000

Susan Lee, 24, Angelique Jones, 20, and Angela Medeiros, 40, all of Sacramento, Calif. have been arrested on three felony counts each of insurance fraud. The bail for the three ranges from $20,000 to $50,000. A fourth suspect, Krystelmaree Marquez, …

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Former California Agent Sentenced In Theft Case

Fri, 26 Oct 2012 23:05:35 +0000

Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state prison, the California Department of Insurance announced on Friday. Sims was taken into custody and …

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$42.7M Rate Reduction for California Policyholders of ‘Force-Placed’ Insurer

Tue, 23 Oct 2012 16:15:46 +0000

California Insurance Commissioner Dave Jones announced a 30.5 percent rate reduction, for “lender-placed” homeowners’ insurance coverage offered by American Security Insurance Co., an Assurant Inc.-owned company. The reduction will result in an estimated $42.7 million savings to homeowners, with an …

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Southern California Educator Arrested For Workers’ Comp Fraud

Tue, 09 Oct 2012 16:48:49 +0000

A teaching assistant in Southern California has been arrested on several felony counts of workers’ compensation fraud. Gerard Padilla, 45, an employee of the Los Angeles County Office of Education, has been arrested and charged with five felony counts of …

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CDI Settles Enforcement Action Over Wildfire Claims

Wed, 26 Sep 2012 15:55:31 +0000

The California Department of Insurance has settled with the New Hampshire Insurance Company and its authorized agent York Risk Services Group Inc. for claims processing. The $285,000 settlement is a result of New Hampshire Insurance Company and York Services Group …

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Jones Annual Report Details Consumer Protection

Don Jergler — Tue, 28 Aug 2012 22:55:42 +0000

The California Department of Insurance has issued California Insurance Commissioner Dave Jones’ annual report for 2011 that details CDI’s progress on its “ambitious consumer and business protection agenda.” The report, released each year around August, details the work of the …

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State Fund Files First Tiered Rating Plan

Don Jergler — Thu, 21 Jun 2012 22:39:23 +0000

State Compensation Insurance Fund has filed its first tiered rating plan with the California Department of Insurance. The plan, which would apply to policies renewing or incepting on or after Sept. 1, is a move to expand State Fund’s range …

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CDI Gives $32 Million to Fight Workers’ Comp Fraud

Thu, 21 Jun 2012 19:37:34 +0000

The California Department of Insurance will distribute $32 million in grants to district attorneys in California to support efforts to investigate and prosecute workers’ compensation insurance fraud. Every year, the Fraud Assessment Commission determines the grant funding based on assessments …

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Travelers to Pay $10.5M in Premium Refunds And Fines

Tue, 19 Jun 2012 16:52:25 +0000

A settlement agreement has been reached in an enforcement action against Travelers Cos., with the company agreeing to pay $9 million in refunds to policyholders who were overcharged on their premiums, as well as a $1.5 million fine, the California …

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Second Member of Alleged Auto Theft Crime Family Nabbed

Thu, 14 Jun 2012 22:01:14 +0000

Louis Miller, 55, has been arrested on felony charges related to an organized automobile theft ring that was operating in Northern California’s Bay Area. Miller’s bail has been set at $1 million. If convicted he could be sentenced to 40 …

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‘Key Figure’ in Organized Auto Insurance Fraud Ring Nabbed

Tue, 22 May 2012 21:47:01 +0000

Teddy Marks, 41, of Morgan Hill, Calif., who the California Department of Insurance is calling a “key figure” in an organized auto insurance fraud ring, has been arrested on two felony counts of insurance fraud and one felony count of …

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California Legislator Calls for Hearing on Intervenor Fees

Don Jergler — Thu, 17 May 2012 16:28:20 +0000

State Sen. Juan Vargas, D-San Diego, has become the latest person to question intervenor fees, calling on the California Department of Insurance to review a state program that allows consumer groups to intervene in insurance rate cases. According to Vargas, …

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Bay Area Business Owners, Employee Nailed For Workers’ Comp Fraud

Wed, 09 May 2012 16:14:27 +0000

Sied “Mike Zarrin” Zarrinsaray, 52, his wife Ronak Barazandeh, 43, the owners of United RMR Enterprises, Inc. of San Jose, were arrested for workers’ compensation insurance fraud, according to the California Department of Insurance. Also arrested was their employee, 40-year-old …

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Appellate Court Dismisses Challenge To CDI Replacement Costs Regulation

Thu, 03 May 2012 21:44:47 +0000

The California Court of Appeal summarily dismissed a legal challenge by the Association of California Insurance Companies and the Personal Insurance Federation of California to homeowner protection regulations adopted by the California Department of Insurance last summer. The case now …

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California Department of Insurance Wants to be ‘Liked’

Thu, 26 Apr 2012 22:11:29 +0000

Insurance Commissioner Dave Jones and the California Department of Insurance really want you to like them. CDI now has a Facebook page. The page was launched on Thursday, and had about a dozen “Likes” as soon as the page was …

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Replacement Costs Battle on the Road to Somewhere

Don Jergler — Fri, 13 Apr 2012 23:57:36 +0000

Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is because a court of appeals accepted …

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Calif. Commissioner Jones Gets ‘D’ From Insurance Industry

Don Jergler — Thu, 22 Mar 2012 20:49:31 +0000

The insurance industry has mixed feelings about California Insurance Commissioner Dave Jones, assessing him as average or below average in a handful of categories. In a poll conducted by Insurance Journal, industry respondents gave Jones an overall grade of “D,” …

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California Department of Insurance Takes Action Over Claims Handling

Tue, 06 Mar 2012 23:22:18 +0000

The California Department of Insurance has served an order to show cause, a statement of charges and a notice of penalty against the New Hampshire Insurance Co. and its authorized agent for claims processing, York Risk Services Group Inc. regarding …

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Grade Dave Jones, California Insurance Commissioner

Wed, 29 Feb 2012 17:23:38 +0000

Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of Insurance’s accomplishments during 2011. Insurance Journal wants to know from those in the industry: Is Jones an …

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California Commissioner Jones Announces Settlement for Earthquake Policyholders

Tue, 28 Feb 2012 20:54:56 +0000

The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into consumer complaints concerning GeoVera’s underwriting practices. GeoVera will pay refunds to policyholders, in addition to a $235,000 fine, and take a number …

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California Department of Insurance Files Action Against Zurich

Tue, 28 Feb 2012 20:44:09 +0000

The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois – for using a type of workers’ compensation insurance agreement known as a “large deductible …

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Grade California Insurance Commissioner Dave Jones

Wed, 22 Feb 2012 17:00:03 +0000

The article Grade California Insurance Commissioner Dave Jones appeared first on Insurance Journal.

Grade Insurance Commissioner Dave Jones

Tue, 14 Feb 2012 16:55:31 +0000

The article Grade Insurance Commissioner Dave Jones appeared first on Insurance Journal.