Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state prison, the California Department of Insurance announced on Friday. Sims was taken into custody and …
California Insurance Commissioner Dave Jones announced a 30.5 percent rate reduction, for “lender-placed” homeowners’ insurance coverage offered by American Security Insurance Co., an Assurant Inc.-owned company. The reduction will result in an estimated $42.7 million savings to homeowners, with an …
A teaching assistant in Southern California has been arrested on several felony counts of workers’ compensation fraud. Gerard Padilla, 45, an employee of the Los Angeles County Office of Education, has been arrested and charged with five felony counts of …
The California Department of Insurance has settled with the New Hampshire Insurance Company and its authorized agent York Risk Services Group Inc. for claims processing. The $285,000 settlement is a result of New Hampshire Insurance Company and York Services Group …
The California Department of Insurance has issued California Insurance Commissioner Dave Jones’ annual report for 2011 that details CDI’s progress on its “ambitious consumer and business protection agenda.” The report, released each year around August, details the work of the …
State Compensation Insurance Fund has filed its first tiered rating plan with the California Department of Insurance. The plan, which would apply to policies renewing or incepting on or after Sept. 1, is a move to expand State Fund’s range …
The California Department of Insurance will distribute $32 million in grants to district attorneys in California to support efforts to investigate and prosecute workers’ compensation insurance fraud. Every year, the Fraud Assessment Commission determines the grant funding based on assessments …
A settlement agreement has been reached in an enforcement action against Travelers Cos., with the company agreeing to pay $9 million in refunds to policyholders who were overcharged on their premiums, as well as a $1.5 million fine, the California …
Louis Miller, 55, has been arrested on felony charges related to an organized automobile theft ring that was operating in Northern California’s Bay Area. Miller’s bail has been set at $1 million. If convicted he could be sentenced to 40 …
Teddy Marks, 41, of Morgan Hill, Calif., who the California Department of Insurance is calling a “key figure” in an organized auto insurance fraud ring, has been arrested on two felony counts of insurance fraud and one felony count of …
