CDI News

California Companies Ordered to Stop Selling Workers’ Comp Policies

California Insurance Commissioner Dave Jones has issued an order requiring a central valley company and its affiliates to stop selling workers’ compensation and liability policies because it is not properly licensed with the California Department of Insurance. In October 2016, …

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 …

California Insurer Groups and Insurance Department Battle over Auto Repair Survey Bill

A California bill that could affect auto repair costs is making its way through state Legislature, and one group that’s happy about that is the Association of California Insurance Companies. ACIC is one of several groups backing Assembly Bill 1679, …

California Commissioner Issues Auto Collision Repair Regulations

California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations that he said will increase consumer protections when a damaged vehicle is repaired. The California Department of Insurance over the last several years has worked on …

California Fines Online Benefits Firm Zenefits $7M Over Unlicensed Employees

California Insurance Commissioner Dave Jones today levied $7 million in penalties against online benefits broker Zenefits for multiple license violations. Zenefits was charged with allowing unlicensed employees to transact insurance and circumventing insurance agent education requirements. This is the largest …

California Company’s Workers’ Comp Program Declared Illegal

California Insurance Commissioner Dave Jones moved to stop a central valley company from selling workers’ compensation and liability policies because they are not properly registered with the Department of Insurance. In a cease and desist order served on Monday the …

Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums

Robert Meseer, 63, of Westminster, was arrested by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to allegedly steal more than $140,000 from several business owners. …

California Commissioner Lowers Workers’ Comp Advisory Rate

California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective July. This is a 10.5 percent reduction compared with …

Arraignment Set for Former California Agent in Decade-Long Scheme

Valerie Ann Verdugo, 38, of Bakersfield, Calif., is scheduled to be arraigned Wednesday on felony insurance fraud charges for obtaining insurance coverage without paying the carrier on those policies for more than a decade. Verdugo, a licensed agent, surrendered herself …

California Adjuster, Family and Friends Embezzled $250k from Insurer, CDI Says

Elizabeth Louise Brown, 48, of Canyon Country, a former claims adjuster with Explorer Insurance, was arrested this week and charged with multiple felonies, including insurance fraud and conspiracy for allegedly embezzling more than $276,000 from her employer. Another eight people …