California Department of Insurance News

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 …

California Lodge Owner Convicted Of Insurance Premium Fraud

Brookdale Lodge owner Sanjiv Kakkar, 52, was sentenced to 364 days in jail and three years of probation after pleading no contest for two felony counts including insurance premium fraud and failing to maintain workers’ compensation insurance. Kakkar paid restitution …

Surplus Lines’ McKay Named to IICF Western Board of Directors

Surplus Line Association of California Executive Director Benjamin J. McKay was named to the Insurance Industry Charitable Foundation’s Western division board of directors. The IICF board is comprised of industry professionals with commitment to philanthropy. McKay joined SLA in 2012 …

WCIRB Raises Advisory Pure Premium 3.4%

The Workers’ Compensation Insurance Rating Bureau’s Governing Committee voted unanimously on Wednesday to authorize the WCIRB to file an advisory pure premium rate for 2014 of $2.62 per $100 of payroll, 3.4 percent above the industry average filed pure premium …

California Department of Insurance Settles with Zurich over Workers’ Comp

The California Department of Insurance announced a settlement with Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois over what CDI alleged was improper use of workers’ compensation insurance agreements. Zurich’s agreements forced California employers to arbitrate commercial …

Five Arrested In California Million-Dollar Mobile Phone Insurance Scam

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 …