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 Alameda County District Attorney’s Office along with the California Department of Insurance on Monday announced charges against multiple suspects in an organized insurance and workers’ compensation fraud scheme that reportedly defrauded insurance carriers over $5 million in estimated losses. …
The California Department of Insurance issued cease and desist orders to four companies allegedly engaged in selling home warranty contracts in the state without proper authorization. Under the orders, the companies must immediately stop selling the contracts. Any company marketing …
The Workers’ Compensation Insurance Rating Bureau of California wrapped up testimony on Wednesday at a California Department of Insurance public hearing regarding the WCIRB’s Sept. 1, 2021 pure premium rate filing. The filing was submitted to the CDI in April …
Former insurance agent Wendy Judd, 47, of Madera, Calif., pleaded guilty this week to felony grand theft after embezzling over $20,000 of insurance premium payments from consumers. The California Department of Insurance launched an investigation after receiving a referral from …
A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon a central claim that the …
Formerly licensed insurance agent, Mandy Pruitt, 42, of Visalia, Calif., was arraigned today on one count of grand theft after she allegedly stole more than $4,400 from a client and used the money to pay for personal expenses. The alleged …
Juan Camilo Vargas, 62, of Escondido, Calif., was arrested on multiple felony counts of insurance fraud and reporting a false vehicle theft after allegedly misrepresenting when and where his vehicle was stolen from in order to receive an undeserved insurance …
Insurance agent Brenda Cervantes, 31, of Oxnard, Calif., and unlicensed employee Edith Arellano-Quinones, 39, of Ojai, were arraigned on Tuesday on misdemeanor counts of insurance fraud after allegedly selling auto insurance without proper licensing and putting their customers’ coverage and …
Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that is if no …
