California Department of Insurance News

California Wildfire Survivor Bills Pass Senate Committee

Four bills sponsored by the California Department of Insurance that the department believes will strengthen consumer protections for wildfire survivors have passed the Senate Insurance Committee with unanimous, bipartisan votes. Assembly Bill 1772 would extend the amount of time a …

California Doctor Indicted in $700K Workers’ Comp Fraud Scheme

Dr. Gary Royce Wisner, 61, of Lodi, Calif., is scheduled for arraignment today at the San Joaquin County Superior Court on 11 felony counts of insurance fraud for allegedly bilking insurers out of more than $700,000 by providing unnecessary and …

California Family Arson Ring Arraigned in $4M Insurance Fraud Case

A California family was arraigned on Thursday on more than 30 counts of fraud and arson. Tyler Chen, 46, and his wife, Kim, 45, were arraigned in the Santa Clara County Superior Court following their arrest on multiple felony counts …

California Security Company Busted for $3.2M Workers’ Comp Premium Fraud

Security Code 3 Inc. owner Troy Carson, 55, of San Jose, was arrested by California Department of Insurance detectives for allegedly underreporting payroll by more than $12 million in an attempt to secure a lower workers’ compensation rate under false …

California Man Nabbed for Collecting Workers’ Comp from Multiple Insurers While Working

Michael Williams, 34, of Daly City, Calif., has been arrested on 21 felony counts of insurance fraud and grand theft after allegedly working for multiple employers while collecting over $85,000 in workers’ compensation benefits from two different insurers. In November …

$332B in Premiums Makes California World’s 4th Largest Insurance Market

California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the state remains the largest insurance market in the United …

California Workers’ Comp Committee Votes to Lower Mid-Year Filing

The California Workers’ Compensation Insurance Rating Bureau’s governing committee has voted to authorize the WCIRB to submit a lower mid-year pure premium rate filing to the California Department of Insurance based in part on reduced lien filings and a new …

California Says Insurers Must Pass Tax Savings on to Policyholders

Insurance companies writing in California were sent a notice by the California Department of Insurance reminding them that under Proposition 103 their rates must not be excessive, inadequate, or unfairly discriminatory. The recent revision to the Federal Tax Schedule for …

California Department of Insurance Says it Recovered $81.3M for Consumers

Insurance Commissioner Dave Jones announced on Thursday that the California Department of Insurance recovered more than $81.3 million for consumers during 2017 through consumer complaint investigations and market conduct examinations of insurance companies. Last year the department’s consumer hotline reportedly …

Wells Fargo Facing Insurance License Discipline in California

Wells Fargo was served with an accusation by the California Department of Insurance seeking to suspend or revoke its licenses for alleged improper insurance sales practices related to the company’s online insurance referral program. Such practices resulted in insurance products …