Insurance Payouts at $4 Billion and Counting for LA Wildfires January 30, 2025 By Don Jergler Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the...
Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California January 2, 2025 Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under...
California Man Sentenced to 16 Years for Auto Insurance Fraud December 20, 2024 A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob...
CEO of Large California Vocational School in Court on 23 Charges of Insurance Fraud December 12, 2024 The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being...
California Department of Insurance Moves Modeling Regulation Proposal Forward November 19, 2024 The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for...
Suspects Arrested After Videos Show Fake Bear Attacks in California for Insurance November 14, 2024 Four Los Angeles area residents were arrested after a California Department of Insurance investigation reportedly found the suspects allegedly committed...
California City Part of Community-Based Flood Insurance Initiative October 17, 2024 The City of Isleton will take part in a community-based flood insurance initiative for as part of a two-year $200,000...
Former California Agent Pleads Guilty to 90 Counts of Insurance Fraud October 11, 2024 A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing...
Viewpoint: Navigating the CDI’s Notice of Non-Compliance September 3, 2024 By Marc Jacobs and Vincent Loh The California Department of Insurance is known for its rigorous oversight, making it the gatekeeper of the insurance industry in...
California Legislature Passes Bill to Support Insurance Fraud Detectives August 30, 2024 California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and...