California Department of Insurance News

California Wants Insurers to Double up on Rate Filings

Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans’ promise to repeal and replace Obamacare, a California state insurance regulator said …

Southern California Couple that Charged Police with Racism Arrested For Fraud

A Southern California couple that had filed an official complaint accusing police officers of racism, has been arrested for insurance fraud and filing a false police report. Lamont Goodwin, 33, and Sylvia Camarillo, 31, were arrested last week by California …

Online Tool Locates California Agents, Brokers Who Speak A Foreign Language

The California Department of Insurance has launched an online language locator tool to enable consumers to find insurance agents and brokers in their area who speak their language. The tool gives access to information on more than 11,000 agents and …

40 Suspects Are Part of Family Auto Fraud Ring in California

California Department of Insurance detectives and investigators with the Auto Insurance Fraud Task Force today arrested seven suspects, charged an additional 22 who are self-surrendering, and are still seeking 11 more suspects for allegedly running an organized automotive insurance fraud …

Educational Conference in California to Address ‘State of the Industry’

What the final two years of California Insurance Commissioner Dave Jones will entail is among the topics to be discussed during a conference in Southern California in March. The WIAA Education and Research Foundation will present a conference titled “Challenges, …

California Surplus Lines Are Now A Bigger Chunk of the Commercial Market

The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going …

California Department of Insurance Issues Notice of Noncompliance to State Farm

The California Department of Insurance has issued a noncompliance notice to State Farm General Insurance Co. for refusing to reduce policyholders’ rates as mandated by an order from Insurance Commissioner Dave Jones in December 2016. Jones’ order directed State Farm …

Data Provider Location Inc. Gets California Department of Insurance OK

Location Inc. announced that the California Department of Insurance has approved its predictive crime analytics for rate filing, making it the 12th state the firm has received approval for rate filings. Location Inc. analytics collect raw data reported from local …

‘Disruptor’ Hippo in California Raises $14M in New Funding Round

Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM Ventures, Propel Venture Partners, GGV …

California Commissioner Orders Investigation into Charges against Wells Fargo

Update: This story has been updated with a response from Wells Fargo. Insurance Commissioner Dave Jones today directed the California Department of Insurance to launch an investigation into allegations made by former employees of Prudential Insurance Co. that Wells Fargo …