California Department of Insurance News

California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums

Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance detectives and booked …

Southland Woman Charged in Bogus Insurance Policy Commission Scam

Teresa Marie Davis, 52, of Pomona Calif., was arrested at her home by California Department of Insurance investigators and booked on multiple counts of identity theft and grand theft in an alleged bogus life insurance scam that netted her over …

California Commissioner, Allstate Agree to Homeowner Rate Reduction

California Insurance Commissioner Dave Jones has reached an agreement with Allstate Insurance Co. and Allstate Indemnity Insurance to reduce the carrier’s homeowner insurance rates statewide by an average of 12.6 percent. The average annual decrease is roughly $230. The rate …

California Department of Insurance Investigating Zenefits

Zenefits has been under investigation by the California Department of Insurance since last year, the state agency disclosed, saying the resignation of co-founder and Chief Executive Officer Parker Conrad earlier this week doesn’t resolve compliance issues at the human-resources software …

California Commissioner Explains Call for Insurer Divestment from Coal

One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal …

13 Indictments Handed Down in Massive Workers’ Comp Fraud Scam

An investigation into what’s being called one of the largest cases of workers’ compensation health care insurance fraud in California Department of Insurance history led to 13 indictments announced today against seven Southern California-based medical professionals. This is the second …

Insurance Department Tally on California Wildfires $1B

Damage from two destructive Northern California wildfires that killed six and sent thousands fleeing their homes topped $1 billion in insured losses, according to a preliminary estimate by the state’s insurance department. The two fires started days apart in September, …

California Insurance Commissioner Calls for Insurance Divestment from Coal

California Insurance Commissioner Dave Jones on Monday asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal as part of a nationwide call to reduce carbon emissions to do battle with climate change. …

Ridesharing Dominates 2016 Western Region Headlines

Goodbye to the news year 2015, and while there will be no shortage of headline-making topics to associate with the passing year, there was one subject that dominated Insurance Journal’s Western region news stories. Care to guess? No if fair …

At Least $243M for Cleanup From 2 Massive California Fires

Cleaning up from two destructive Northern California wildfires this fall will cost at least $243 million, far exceeding the cost for other recent blazes, state officials estimated as they transferred more money from the state’s rainy day fund to help …