California Department of Insurance Issues Cease And Desist Order for Benefits Firm

Article 0 Comments The California Department of Insurance issued a Cease and Desist Order effective immediately upon NexGen Insurance Services Inc., Riverstone Capital, LLC (dba Riverstone Capital Insurance Services LLC) and its owner/operators Travis O. Bugli, James C. Kelly and Robert M. Clarke. The move follows a joint investigation by […]

California Insurance Commissioner Names Executive Team

Article 0 Comments California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership team. “I am proud of naming our first Latina chief deputy […]

New California Commissioner to Confront Climate-Fueled fires, Expand Healthcare

Article 0 Comments As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters created the position in 1988, is the […]

$10M Penalty in Wells Fargo California Case, Can’t Do New Business Until at Least 2020

Article 0 Comments Wells Fargo has agreed to pay a $10 million penalty as part of a settlement agreement with the California Department of Insurance. The settlement with the CDI, announced on Wednesday, resolves the department’s accusation alleging improper insurance sales practices related to Wells Fargo’s online insurance referral program. […]

Former California Insurance Agent Arraigned on 40 Felony Grand Theft Counts

Article 0 Comments Anna Gabriela Garcia, 46, of Capistrano Beach, Calif., was arraigned and charged with 40 felony counts of grand theft after allegedly collecting premium payments from customers and diverting the funds of over $195,000 for personal use. Garcia, a former licensed insurance agent, while working for an independently […]

California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors

Article 0 Comments California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents coverage limits without the submission of a […]

California Department of Insurance Issues Cease and Desist Order to NRA

Article 0 Comments The California Department of Insurance on Tuesday issued a cease and desist order to the National Rifle Association of America alleging the NRA marketed an insurance product in California without being licensed to do so. The NRA sponsors the Carry Guard Personal Firearms Liability Including Self-Defense Insurance […]

California Legislature Passes Bill Aimed Collecting Data and Helping Wildfire Victims

Article 0 Comments The California Legislature has passed Senate Bill 824, a bill aimed at provided information to the California Department of Insurance related to fire risk information on the residential property policies issued by insurers. The bill prohibits insurers from canceling or refusing to renew a policy based solely […]

California Wildfire Survivor Bills Pass Senate Committee

Article 0 Comments Four bills sponsored by the California Department of Insurance that the department believes will strengthen consumer protections for wildfire survivors have passed the Senate Insurance Committee with unanimous, bipartisan votes. Assembly Bill 1772 would extend the amount of time a home or business owner has to rebuild […]

California Doctor Indicted in $700K Workers’ Comp Fraud Scheme

Article 0 Comments Dr. Gary Royce Wisner, 61, of Lodi, Calif., is scheduled for arraignment today at the San Joaquin County Superior Court on 11 felony counts of insurance fraud for allegedly bilking insurers out of more than $700,000 by providing unnecessary and excessive medical treatment for orthopedic patients. The […]