California Department of Insurance News

California Department of Insurance Issues Cease And Desist Order for Benefits Firm

The California Department of Insurance issued a Cease and Desist Order effective immediately upon NexGen Insurance Services Inc., Riverstone Capital, LLC (dba Riverstone Capital Insurance Services LLC) and its owner/operators Travis O. Bugli, James C. Kelly and Robert M. Clarke. …

California Insurance Commissioner Names Executive Team

California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership team. “I am proud …

New California Commissioner to Confront Climate-Fueled Fires, Expand Healthcare

As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters …

$10M Penalty in Wells Fargo California Case, Can’t Do New Business Until at Least 2020

Wells Fargo has agreed to pay a $10 million penalty as part of a settlement agreement with the California Department of Insurance. The settlement with the CDI, announced on Wednesday, resolves the department’s accusation alleging improper insurance sales practices related …

Former California Insurance Agent Arraigned on 40 Felony Grand Theft Counts

Anna Gabriela Garcia, 46, of Capistrano Beach, Calif., was arraigned and charged with 40 felony counts of grand theft after allegedly collecting premium payments from customers and diverting the funds of over $195,000 for personal use. Garcia, a former licensed …

California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors

California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents …

California Department of Insurance Issues Cease and Desist Order to NRA

The California Department of Insurance on Tuesday issued a cease and desist order to the National Rifle Association of America alleging the NRA marketed an insurance product in California without being licensed to do so. The NRA sponsors the Carry …

California Legislature Passes Bill Aimed Collecting Data and Helping Wildfire Victims

The California Legislature has passed Senate Bill 824, a bill aimed at provided information to the California Department of Insurance related to fire risk information on the residential property policies issued by insurers. The bill prohibits insurers from canceling or …

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 …