California Department of Insurance News

California Governor Jerry Brown Signs Surplus Lines Association Backed Bill

Assembly Bill 1641, legislation offered and lobbied by the Surplus Line Association of California that is designed to give the California Department of Insurance more flexibility in deciding which coverages to add to the Export List, was signed into law …

California Department of Insurance Names Yang Deputy Commissioner

California Insurance Commissioner Dave Jones has named Amorette Yang to deputy commissioner of the California Department of Insurance’s community programs and policy initiatives branch. Yang was chief of the branch. She’s replacing Chris Shultz, who has accepted an appointment as …

Los Angeles Agent Sentenced for Embezzling Over $100K

Suren Hovhannisyan, a former insurance agent, has been sentenced in Los Angeles County Superior Court to 180 days in jail and five years of formal probation after pleading no contest to three felony counts of Grand Theft. Hovhannisyan was also …

California Comp Bureau Committee Votes to Submit Lower Pure Premium Filing

The California Workers’ Compensation Insurance Rating Bureau’s governing committee on Wednesday voted to amend the WCIRB’s Jan. 1, 2018 pure premium rate filing that has already been submitted to the insurance commissioner. The vote to amend the filing was based …

9 People Sentenced in $500K California Auto Insurance Fraud Ring

Michael Charles Young, 30, of Sacramento, Calif., the reported leader of a large auto insurance fraud ring, was sentenced to more than 10 years in state prison for bilking insurance companies out of an estimated $500,000 by filing fraudulent insurance …

Investigation Solutions Assists in $32 Million Employer Fraud Case

San Diego, CA, June 21, 2017- Investigation Solutions, Inc. (ISI) worked alongside the California Department of Insurance in a $32 million workers’ compensation fraud case that resulted in an arrest earlier this month. Detectives at the DOI arrested Gina Marie …

California Department of Insurance and FAIR Plan Square off in Public Statements

The California Department of Insurance and the California FAIR Plan Association squared off in conflicting press releases on Thursday over a court decision that awarded a homeowner higher repair costs following a claim. The California Court of Appeal, First District …

California’s Comp Insurers Had 5.1% More in Direct Written Premium in 2016

California workers’ compensation insurers wrote $12.96 billion in direct written premium last year, an increase of $628 million, or 5.1 percent, from the prior year, according to new data from the National Association of Insurance Commissioners released by the California …

Schnoll Named General Counsel of California Department of Insurance

Ken Schnoll has been named general counsel for the California Department of Insurance. Schnoll has more than 30 years of experience, including work in regulatory and transactional matters with health insurers and property/casualty insurers. Schnoll was a partner at Dentons …

Insurtech Slice Now Offering Homeshare Insurance in California

Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of Insurance said that the surplus lines broker is coming into the market …