Search for: "Commissioner of the California Department of Insurance, The"
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29 Jul 2014, 5:05 am
Just recently, the California Department of Insurance put out a news release exposing an insurance agent for selling bogus insurance policies to homeowners putting them at great risk.1 This agent, who was arrested and will be prosecuted, "violated his fiduciary responsibility by allegedly ripping off customers for his personal gain," according to Insurance Commissioner Dave Jones. [read post]
2 May 2012, 2:38 pm
On May 2, 2012, the California Assembly Insurance Committee approved a bill that would direct the insurance commissioner to treat a domestic insurer’s investment in a company that has business operations in Iran as a non-admitted asset. [read post]
15 Mar 2022, 9:09 am
Opportunity Financial, LLC (OppFi) has filed a Complaint for Declaratory and Injunctive Relief in a California state court against the California Department of Financial Protection and Innovation (DFPI), seeking to block the DFPI from applying California usury law to loans made through OppFi’s partnership with Fin Wise Bank (Bank), a state-chartered FDIC-insured bank located in Utah. [read post]
20 Feb 2012, 12:15 am
Under the California regulation, an insurer's submission will be evaluated for compliance with the 80% standard at the time a rate is filed with the Department of Insurance, rather than performing the calculation at the end of the year as PPACA provides. [read post]
19 Dec 2023, 4:31 pm
Commissioner Lara Highlights Regulatory Changes in Testimony on Sustainable Insurance Strategy: Consumer Watchdog Encourages More ScrutinyCommissioner Ricardo Lara testified before the state assembly members on December 13, 2023, and consistent with the press release issued by the California Department of Insurance, Lara opened his testimony before the Assembly Committee on Insurance with the statement that “California is at an… [read post]
25 Jun 2012, 7:09 am
The bill, sponsored by Commissioner Jones and the California Department of Insurance, modifies the long-term care insurance premium rate development process and requires that consumers be permitted to review policy language before purchasing a policy. [read post]
9 Sep 2011, 7:05 am
California Insurance Commissioner Dave Jones announced August 19, 2011 that Susana Ragos Chung, 60, a Los Angeles area based attorney has been sentenced in Alameda Superior Court for Insurance Fraud. [read post]
7 Oct 2011, 10:57 am
The California Department of Insurance said this is “a very high hurdle to obtaining benefits or coverage. [read post]
19 Mar 2012, 3:57 pm
It is expected that the bill will be amended to include provisions which would give the insurance commissioner the power to order an insurer or agent to pay restitution for Insurance Code violations and would grant the insurance commissioner authority to force the insurer or agent to pay the Department of Insurance’s attorney’s fees and costs related to the restitution order. [read post]
22 Dec 2011, 1:00 am
Later, she was the Executive Director of the California Department of Insurance and then Acting Commissioner of the Department of Financial Institutions. [read post]
9 Nov 2017, 11:03 am
Last week, Golden Bear Insurance Company became the first admitted insurer approved by the California Department of Insurance to provide insurance coverage for marijuana companies. [read post]
4 Oct 2011, 11:25 am
The California Department of Insurance accused RiverSource Life Insurance Co. of unfair claims handling practices involving long-term care, disability income and life insurance policies. [read post]
8 Jul 2010, 12:10 pm
The California Department of Insurance made a decision in early July to earmark $1.25 million to battle workers’ comp insurance fraud. [read post]
23 Jul 2009, 2:23 pm
This article said that according to California insurance commissioner Steve Poizner, the two men arrested on July 1, 2009, were charged with multiple counts of auto insurance fraud. [read post]
30 Jul 2011, 5:31 am
In the press conference, Insurance Commissioner Dave Jones advised California insureds to be prepared with evacuation plans and an inventory of personal belongings in case a wildfire should erupt. [read post]
1 Oct 2012, 7:31 pm
The bill was strongly supported by Commissioner Jones and the California Department of Insurance and provides important consumer safeguards for life insurance policyholders. [read post]
30 Sep 2011, 5:59 pm
The bill also requires that an insurance agent receive Insurance Commissioner-approved training before he or she can sell annuities. [read post]
7 Jan 2009, 4:16 pm
According to Commissioner Joel Ario, the department hopes to "rehabilitate" Penn Treaty Network and American Network Insurance Company and place them back in the private section. [read post]
18 Apr 2011, 5:04 pm
Since 1988, when California voters approved Proposition 103, the Insurance Commissioner has saved California consumers billions of dollars every year in excessive premiums on their auto, property, and casualty policies. [read post]
18 Apr 2011, 5:04 pm
Since 1988, when California voters approved Proposition 103, the Insurance Commissioner has saved California consumers billions of dollars every year in excessive premiums on their auto, property, and casualty policies. [read post]
