California Insurance Commissioner Dave Jones News

$30M Settlement with Bristol-Myers Squibb in California Whistleblower Suit

California Insurance Commissioner Dave Jones reached a $30 million settlement with pharmaceutical giant Bristol-Myers Squibb over allegations of drug marketing fraud and physician kickbacks. The settlement stems from charges in a whistleblower lawsuit filed by three former Bristol-Myers Squibb sales …

Former NFL Player Arrested in California for Staged Collision Scheme

Former Kansas City Chiefs’ wide receiver Jeffrey Leon Webb, 34, of Indio, was arrested on multiple felony counts after orchestrating four staged collisions resulting in a total loss exceeding $139,000. Webb and eight co-conspirators were allegedly involved in four staged …

California Commissioner Asks National Regulators to Block Aetna-Humana Deal

California’s insurance commissioner on Thursday urged national antitrust regulators to block health insurer Aetna Inc’s proposed $34 billion acquisition of Humana Inc. David Jones, whose state Department of Insurance does not have authority to block the deal, said the acquisition …

Allstate Returns to California Homeowners Market With 12.6 Percent Reduction

Allstate Insurance returned to the California homeowners insurance market this week following a nine-year absence writing new policies. Insurance Commissioner Dave Jones welcomed Allstate, which entered into an agreement with the commissioner to reduce its homeowner insurance rates by an …

Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit

Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance industry and climate change. …

California Agent Pleads Guilty to Selling Bogus Bonds and Premium Theft

John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium. His theft left a major retailer exposed to loss on a construction …

California Commissioner Lowers Workers’ Comp Advisory Rate

California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective July. This is a 10.5 percent reduction compared with …

What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris

It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015 United …

California School District Aide Busted for Felony Workers’ Comp Fraud

An employee of a Southern California school district has been arrested on charges of workers’ compensation fraud for allegedly racking up $33,000 in treatments and disability payments. Juanita Denise Schmittle, 50, of Baldwin Park, Calif., was arrested by California Department …

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 …