Idaho Department of Insurance News

Idaho Man Sentenced for ‘Crash And Buy’ Insurance Fraud

Riley Presher, of Twin Falls, Idaho, was sentenced on Monday for insurance fraud in violation of Idaho Code 41-293. Presher on Dec. 15, 2017, purchased insurance and filed a claim for an accident he stated occurred that same day. When …

Idaho Insurance Producer Ordered to Cease and Desist for Misusing Premiums

The Director of the Idaho Department of Insurance issued an order to cease and desist against Charlotte Jane Sheppard of Lincoln County after it was reported that Sheppard violated Idaho Code ยง 41-1016(1)(d) and (h) on numerous occasions. The department …

Idaho Man Sentenced for Fabricating Bill of Sale on $700 Mercedes

An Idaho man was sentenced for insurance fraud in violation of Idaho code after reportedly purchasing a 1992 Mercedes for $700 and then adding the vehicle to an existing policy with GEICO. Hester then filed a claim for damages done …

Idaho Department of Insurance Names Trexler Deputy Director

The Idaho Department of Insurance has named Weston Trexler deputy director. He was hired to the department as the product review bureau chief-actuary in 2012. He previously worked for the actuarial consulting firm Milliman. He worked for a health insurance …

Workers’ Compensation Rates to Decrease in Idaho for 2020

The Idaho Department of Insurance has approved a proposal for a 6.2 percent overall rate decrease to Idaho workers’ compensation insurance effective Jan. 1, 2020. The proposed rate change was recommended by the National Council on Compensation Insurance. “The decrease …

Idaho Insurance Agent Loses License for Failure to Handle Premiums

The Idaho Department of Insurance has revoked the license of Desiree A. Jachetta for violations of the Idaho Insurance Code. Jachetta, a resident of Priest River, reported failed to appropriately handle clients’ premiums. In addition to revoking her license, originally …

Idaho Insurance Agent Fined $46K for Submitting Unauthorized Applications

The Idaho Department of Insurance revoked the insurance producer license of Bryce Joseph Vance for violations of the Idaho Insurance Code and imposed an administrative penalty of $46,000. Vance was charged and admitted to violations of Idaho Code, Title 41, …

Idaho Commissioner Named NAIC Secretary-Treasurer

Dean Cameron, director of the Idaho Department of Insurance, has been elected secretary-treasurer of the National Association of Insurance Commissioners. Cameron is the first Idaho Insurance Commissioner ever elected to NAIC leadership. He and his fellow NAIC leaders, elected at …

Idaho Trucking Operator Convicted of Pocketing Premiums

A fraud investigation initiated by the Idaho Department of Insurance lead to the criminal prosecution of a local trucking company owner who pocketed insurance premiums. DOI investigators teamed with the state Attorney General’s Office following a consumer tip to build …

Idaho Workers’ Compensation Rates to Decrease in 2019

The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019. The proposed rate change comes from the National Council on Compensation Insurance, and is a function of declining claim costs, …