California Department of Insurance News

Southern California Agent Arrested for Bogus Policy Scam

Angel Estrada, 22, a formerly licensed insurance producer and owner of Angel Estrada Agency, swindled a national insurer out of more than $140,000 in commissions by writing bogus commercial insurance policies to earn large commissions, the California Department of Insurance …

California Insurance Agents Arrested for Stealing from Clients

Investigations by the California Department of Insurance led to the arrests of insurance agents who allegedly stole tens of thousands of dollars from clients and failed to place insurance coverage for those clients. Maria Aquino, 34, of South Gate, was …

Unlicensed California Agent Allegedly Steals $174K in Premiums

Connie Free, 34, of Moreno Valley, Calif., is scheduled to be arraigned today on 18 felony counts including grand theft and forgery after allegedly stealing at least $174,000 in insurance premiums from seven different victims. The former insurance agent allegedly …

California Department of Insurance Issues Cease And Desist Order for Benefits Firm

The California Department of Insurance issued a Cease and Desist Order effective immediately upon NexGen Insurance Services Inc., Riverstone Capital, LLC (dba Riverstone Capital Insurance Services LLC) and its owner/operators Travis O. Bugli, James C. Kelly and Robert M. Clarke. …

California Insurance Commissioner Names Executive Team

California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership team. “I am proud …

New California Commissioner to Confront Climate-Fueled Fires, Expand Healthcare

As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters …

$10M Penalty in Wells Fargo California Case, Can’t Do New Business Until at Least 2020

Wells Fargo has agreed to pay a $10 million penalty as part of a settlement agreement with the California Department of Insurance. The settlement with the CDI, announced on Wednesday, resolves the department’s accusation alleging improper insurance sales practices related …

Former California Insurance Agent Arraigned on 40 Felony Grand Theft Counts

Anna Gabriela Garcia, 46, of Capistrano Beach, Calif., was arraigned and charged with 40 felony counts of grand theft after allegedly collecting premium payments from customers and diverting the funds of over $195,000 for personal use. Garcia, a former licensed …

California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors

California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents …

California Department of Insurance Issues Cease and Desist Order to NRA

The California Department of Insurance on Tuesday issued a cease and desist order to the National Rifle Association of America alleging the NRA marketed an insurance product in California without being licensed to do so. The NRA sponsors the Carry …