California Department of Insurance News

California Department of Insurance Investigation Leads to $5.5M Settlement

A settlement has been announced between Libre by Nexus Inc. in which it will cease transacting immigration bonds in the California, phase out the use of GPS ankle monitors, and issue credits to clients still in arrears with Libre. Additionally, …

California Commissioner Launches Database of Green Insurance Products

California Insurance Commissioner Ricardo Lara on Tuesday formally launched the Climate Smart Insurance Products Database, what is being touted as “the first-ever consumer-oriented list of green insurance policies.” The California Department of Insurance has developed the database to help the …

California Orders Unlicensed Van Rental Company to Stop Selling Insurance Products

The California Department of Insurance issued a cease and desist order against unlicensed van rental company, Airport Van Rental Inc. and its owners, Yazdan Irani, 57, of Encino, and his wife, Kimberly, 61, for operating a rental agency without a …

Unlicensed Agent in California Nabbed for Allegedly Stealing $500K in Premiums

Unlicensed insurance agent Ai Ling Lee, also known as Linda Lee, 60, of Hacienda Heights, Calif., was arrested on nine felony counts of grand theft after allegedly stealing roughly $500,000 in clients’ insurance premium payments and failing to place adequate …

California Expands Order for Insurers to Partially Refund Premiums

California Insurance Commissioner Ricardo Lara today issued a bulletin extending his previous order requiring insurance companies to return partial insurance premiums to consumers and businesses amid the ongoing COVID-19 pandemic. The California Department of Insurance will review all premium adjustments …

California Issues Cease And Desist over Illegal Extended Warranties

The California Department of Insurance issued a cease and desist order on Omega Vehicle Services LLC, doing business as Delta Auto Protect, and its controlling manager, Charles Seruya, for allegedly selling illegal vehicle service contracts to over twenty California consumers. …

Six Things to Know About the Recent Impasse Between Regulators and Insurers in the Aftermath of California’s Devastating Wildfires

This post is part of a series sponsored by CoreLogic. California’s 2017 and 2018 catastrophic wildfire events hit state insurers historically hard, with record-breaking losses of over $25 billion.1 2 Three years later, state regulators, utility companies, and insurers are …

California Commissioner Orders Insurance Claim, Coverage Deadline Extensions

California Insurance Commissioner Ricardo Lara has issued a notice to insurers ordering them to stop enforcing policy or statutory deadlines on policyholders for claims or coverage until 90 days after the statewide “state of emergency” or other “state of emergency” …

California Department of Insurance Has Man Extradited from Poland in $2.6M Fraud Ring

California Department of Insurance detectives took Yeghishe Msryan, 67, into custody after he was arrested in Poland and extradited back to Los Angeles by the U.S. Marshals Service for his alleged involvement in an organized fraud ring in which he …

Family-run Auto Insurance Fraud Ring Snared in ‘Operation Car Seats’ in California

California Department of Insurance detectives arrested seven suspects on 31 felony charges of auto insurance fraud for their alleged involvement in a family-run organized auto fraud ring dubbed Operation Car Seats. Suspects allegedly filed dozens of fraudulent false insurance claims …