Illinois has become the 17th state to reach a settlement with a California-based human resources software startup for alleged insurance code violations. Illinois Department of Insurance investigators found the startup Zenefits violated state law by allowing unlicensed employees to sell …
The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) reported that San Francisco-based employee benefits products and services provider, Zenefits, has agreed to pay a penalty of $62,000 for violations of Missouri law. The department said YourPeople Inc., …
This story has been updated with comment from Zenefits. Washington Insurance Commissioner Mike Kreidler ordered Zenefits to cease free distribution of its employee benefits software, saying the tactic violates state insurance law against inducements. Washington is the first state to …
California Insurance Commissioner Dave Jones today levied $7 million in penalties against online benefits broker Zenefits for multiple license violations. Zenefits was charged with allowing unlicensed employees to transact insurance and circumventing insurance agent education requirements. This is the largest …
A lot has happened since Zenefits told investors last year that its already lofty projection for annual recurring revenue would more than triple by the end of 2016. The HR software maker saw its founding chief executive officer leave under …
The Texas insurance regulators have fined human resources software startup, Zenefits, $550,000 for its past use of unlicensed health insurance brokers. The Texas Department of Insurance said YourPeople Inc., more commonly known as Zenefits, used unlicensed staff to sell and …
Zenefits reached its first settlement with a state government over its use of unlicensed health insurance brokers, an issue that prompted investigations in at least three other states and led its founding chief executive officer to resign this year. As …
Zenefits, a human resources software startup that has been beleaguered by compliance issues, is laying off more than 100 employees, as investors point to the company as a cautionary tale for startups that try to grow too quickly. San Francisco-based …
The Massachusetts Division of Insurance said this month that it has opened an investigation into Zenefits, a human resources software startup. Founded in 2013, the San Francisco-based Zenefits offers software to small- and mid-sized businesses to help automate their HR …
Zenefits said it will cut about 250 jobs as the human resources software startup faces investigations over compliance with state rules. The staff reductions amount to about 17 percent of the San Francisco-based company’s workforce. Government officials in California and …
