When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the state level. California Insurance Commissioner Dave …
The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing …
Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …
John Finston was named general counsel for the California Department of Insurance. Finston, who has served as deputy commissioner for corporate and regulatory affairs for three years, will replace outgoing General Counsel Adam Cole. Finston has practiced regulatory law for …
Jason Kwon, 32, of Santa Fe Springs, Calif., and David Chang, 32, of Burbank face 41 felony counts of insurance fraud, grand theft and identity theft for allegedly submitting fraudulent claims totaling $1.3 million to obtain low cost replacement mobile …
Insurance Commissioner Dave Jones signed on to a recommendation by the California Workers’ Compensation Insurance Rating Bureau of an advisory pure premium rate for July that is 10.2 percent lower than those approved on Jan. 1. Jones issued his decision …
The owners of the Green Cactus Collective Medical Marijuana Dispensary in Palmdale, Calif., were arrested on multiple felony counts of insurance fraud. Tiffany Shorter, 26, and Jabe Satterfield, 77, failed to carry workers’ comp benefits for their employees and allegedly …
The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested this week on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Businesses Sung Hyun Kim, 57, and her sister Caroline …
Constance Gail Fortune, 61, was arraigned in Los Angeles Superior Court in California and charged with three felony counts of grand theft and one felony count of financial elder abuse for allegedly scamming seniors, many of whom were members of …
Jill Audette, 28, of San Diego, Calif., was convicted on five felony counts of insurance fraud and leaving the scene of a collision after falsely claiming her car was stolen and involved in a hit and run collision. Audette’s sentencing …
