California Department of Insurance News

Data Provider Location Inc. Gets California Department of Insurance OK

Location Inc. announced that the California Department of Insurance has approved its predictive crime analytics for rate filing, making it the 12th state the firm has received approval for rate filings. Location Inc. analytics collect raw data reported from local …

‘Disruptor’ Hippo in California Raises $14M in New Funding Round

Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM Ventures, Propel Venture Partners, GGV …

California Commissioner Orders Investigation into Charges against Wells Fargo

Update: This story has been updated with a response from Wells Fargo. Insurance Commissioner Dave Jones today directed the California Department of Insurance to launch an investigation into allegations made by former employees of Prudential Insurance Co. that Wells Fargo …

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 …

Felony Charges for California Pair in $250K Classic Car Theft Claim

Two people from California were arrested on a scheme allegedly involving the reported theft of an expensive classic car. Constantine Petros, 54, of Petaluma, was arrested on Oct. 19 in Sonoma County. Also arrested was Christopher Hatton, 60, of Tahoma, …

Sober-living Home Operators in California Charged in $176M Fraud Scheme

Former operators of a Southern California sober-living operation have been charged with fraud for allegedly keeping hundreds of people in what the state insurance commissioner calls a “never-ending cycle of treatment, addiction and fraud.” The Insurance Department announced the arrests …

Could More State Commissioners Require Climate Disclosure?

Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership advocate Ceres, is one of the …

California Commissioner Issues Decision on Workers’ Comp Regulatory Filing

California Insurance Commissioner Dave Jones issued a decision regarding the Workers’ Compensation Rating Bureau’s Jan. 1, 2017 regulatory filing submitted to the California Department of Insurance in June. Jones approved all the changes to the Standard Classification System proposed by …

Former L.A. Broker Convicted of Stealing Insurance Premiums

Martin McCloskey, 69, of Piñon Hills, Calif., pleaded guilty this week to three felony counts of grand theft and theft of fiduciary funds after defrauding his customers by failing to remit to insurance companies more than $58,000 in premiums he …

California’s Jones Appoints Allen Deputy Commissioner for Rate Regulation

California Insurance Commissioner Dave Jones has appointed Ken Allen as deputy commissioner of the rate regulation branch for the California Department of Insurance. Allen will fill the vacancy left by Joel Laucher, who was appointed chief deputy insurance commissioner in …