The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the statewide reduction in non-renewals, according to a …
Juan Carlos Martinez, 56, of Yorba Linda, California, has been charged with 12 counts of grand theft, 34 felony counts of forgery, 34 counts of insurance fraud, and one count of money laundering, after allegedly collecting premium payments from customers …
Farrukh Hussain, 37, of Eastvale, California, was arraigned on 14 felony counts of insurance fraud after allegedly stealing consumers’ identities to file 14 fraudulent insurance claims with six different insurance companies using a “paper collision” scheme – meaning most of …
Los Angeles, California residents Victor Valle-Diaz, 55, Eduardo Retana, 25, and Ausencio Gomez, 46, were sentenced to serve in state prison after pleading no contest to charges of insurance fraud and assault for their involvement in the organized ring. The …
Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand theft, forgery, embezzlement, and aggravated white-collar crime after allegedly defrauding three victims of over $1.4 million. Reed was …
The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline. The deadline to make the filing was imposed in Senate Bill 11. The …
California Insurance Commissioner Ricardo Lara on Wednesday directed three auto insurance companies to reimburse California drivers the excess premiums they were charged from the start of the pandemic, or face legal action. The commissioner’s order is directed at Allstate Northbrook …
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by Northern California wildfires across 22 counties. Lara in early September issued similar orders following emergency …
Additional felony charges have been filed against Robert Andrew Lotter, 64, of Newport Beach, Calif., and Charles Albert Major, 72, of Irvine, who were arrested in November after allegedly defrauding their clients with high-risk investments. The additional charges include multiple …
Former insurance agent Steven Gordon, 67, of Camarillo, Calif. was arraigned on Thursday on 21 felony counts of grand theft, forgery, identity theft, and credit card fraud after allegedly stealing more than $1 million from three former clients. The California …
