California Insurance Commissioner Dave Jones News

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …

Los Angeles Medical Worker Nabbed for Workers’ Comp Fraud

Johana Magnolia Paredes, 45, of Bellflower, Calif. was arrested by California Department of Insurance detectives on two felony counts of workers’ compensation insurance fraud after allegedly misrepresenting her injuries to collect $39,953 in disability payments that she was not entitled …

Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting

Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy. Climate change buzz has continued …

Online Comparison Launched by California Department of Insurance

Insurance Commissioner Dave Jones wants California drivers know about the department’s online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California Department of Insurance is designed to enable consumers …

Allstate Rideshare Coverage Approved in California

California Insurance Commissioner Dave Jones has approved a new rideshare insurance product from Allstate Insurance. The Allstate coverage is for for people driving for transportation network companies like Uber and Lyft. Beginning in April, TNC drivers will have the option …

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 …