The California Department of Insurance (CDI) Fraud Division arrested Antioch resident Rudolfo Villasenor, 28, for felony insurance fraud and possession of dangerous drugs/narcotics, along with Ruben Rodriguez, Jr., 25, of Oakley for felony insurance fraud and possession of a stolen …
A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to the National Association of Independent Insurers. “No justification exists to …
The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California Board of Equalization (BOE), the state’s highest tax policy entity, challenging recent efforts by the California Department of Insurance (Department) …
The California Department of Insurance (CDI) applied for and was granted a Conservation Order April 11 in Fresno County Superior Court for Alistar Insurance Company. The CDI has been working with the company in the past weeks reviewing a rehabilitation …
Senior members of the nation’s insurance industry will meet in San Francisco Friday, May 3, to celebrate the Insurance Industry Charitable Fund (IICF), its annual campaign to distribute more than $1 million to a variety of charitable causes, to name …
The Criminal Investigations Branch Investigators of the California Department of Insurance (CDI) announced a successful conclusion to a complicated investigation. Two individuals involved in a life insurance scam pleaded guilty. Raul Eduardo Pero, a.k.a. Paul Terry Reed, 58, plead guilty …
The second time might actually be the charm for California’s first elected Insurance Commissioner John Garamendi. Garamendi, who served as Commissioner from 1990-’94 before leaving the post to make a bid for the Democratic nomination for Governor, has announced that …
American Financial Group Inc., a Cincinnati-based insurer, reported a 71 percent drop in net profits in the first quarter after investment losses and higher costs. The company earned $13.1 million a share in the quarter, or 19 cents a share, …
The Hartford Financial Services Group Inc., a national insurance and financial service company, reported a 12 percent increase in operating income to $253 million for the first quarter of 2001 compared to the same period in 2000. Solid performance in …
Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in declining auto insurance rates that began in 1995. …
