California Department of Insurance News

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 …

Northern California Business Owner Sentenced For Premium Fraud

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 …

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 …