California Department of Insurance News

California Commissioner Fingers Insurers for Iran Investments

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 …

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

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 …

Carriers ‘Uncertain’ About California Workers’ Comp Reform

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 …

Profile: Workers’ Comp Fraud Expert Takes Old School Approach

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 …

California Department Insurance: Streamlined Licensing

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 …

Social Media Friends Nabbed In Northern California Staged Auto Insurance Fraud

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, …

Former California Agent Sentenced In Theft Case

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 …

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

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 …

Southern California Educator Arrested For Workers’ Comp Fraud

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 …

CDI Settles Enforcement Action Over Wildfire Claims

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 …