California Insurance Commissioner Dave Jones News

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 …

Class Action Follows California Commissioner’s Decision in Applied Dispute

A decision from the California Department of Insurance has workers’ compensation carrier Applied Underwriters and one of its companies on the defensive, and now a class action suit has been filed seeking to recover premiums paid by insureds to one of its large …

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. …

California Commissioner OKs New insurance Products to Fill Ridesharing Gap

California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA’s California drivers for all ridesharing companies, …

California Commissioner Orders Changes to FAIR Plan

California Insurance Commissioner Dave Jones issued an order directing the California Fair Access to Insurance Requirements Plan to make several changes in the wake of last year’s severe fire season. The order includes enhanced coverage options, it eliminates the requirement …

Former Southern California Insurance Broker Found Guilty of Stealing Premiums

Mia Chang, 51, former insurance broker and owner of Lotte Insurance Services in Southern California, was sentenced for felony insurance fraud and grand theft. Moments after her arrest Chang returned $19,218 in stolen premiums with interest to the owner of …

Owners of Hotel Cleaning Firm in California Charged with $7M Workers’ Comp Fraud

The owners of a janitorial company serving luxury hotels in Southern California and Nevada are charged with running a $7 million workers’ compensation insurance and tax evasion scam, prosecutors announced Monday. Hyok “Steven” Kwon and Woo “Stephanie” Kwon were arrested …

Insurers Get Tax Credits for Investments in Underserved California Communities

California Insurance Commissioner Dave Jones on Thursda announced $9.3 million in tax credits awarded to insurance companies and other investors that made more than $46.6 million in capital investments into California’s underserved communities through the second round of the 2015 …

5 Charged in $580M Southern California Scheme Involving Workers’ Comp

Five people, including a former hospital executive and two surgeons, are charged with a massive kickback scheme that resulted in billing $580 million to the government and insurance companies, authorities announced. Two already pleaded guilty and the others have agreed …