Individuals looking to get licensed as an insurance agent or broker and those who need to renew their license will have to take mandatory training on insurance fraud. The changes are mandated by a new law sponsored by the California Department of Insurance (CDI) and chaptered last month. And insurance professionals now need to include …
The advocacy group Consumer Watchdog will get its day in court this week as it presses Insurance Commissioner Ricardo Lara and the California Department of Insurance to find and release more documents related to a public records act dispute. The group is seeking records of meetings and other documents pertaining to the neverending saga of …
Commissioner Ricardo Lara’s recent workers’ comp rate decision overruled the recommendation of the California Department’s actuaries and hearing officer. In a proposed decision, Department staff recommended adopting both a base increase and the add-on the Bureau proposed to cover the now endemic Covid-19 workers’ comp claim costs. The Bureau had requested a 7.6% increase overall. …
According to the latest market share reports from the California Department of Insurance, total California written premium increased to $10.4 billion last year from $10.1 billion in 2020. The total is net of deductibles. The State Compensation Insurance Fund remains the largest writer of workers’ comp coverage in California. State Fund increased its market share …
An insurance industry watchdog says the California Department of Insurance is running a coverup to shield it from more embarrassing disclosures about interactions between Applied Underwriters’ representatives and Insurance Commissioner …
It is time for Workers’ Comp Executive to provide a list of the most significant California workers’ compensation stories from the previous year. Some years, legislative developments like the 2012 passage of the Baker SB 863 workers’ comp reforms dominate the news. Other years’ market issues such as rising workers’ comp rates or insurance company …
The San Mateo Superior Court overseeing the conservation and rehabilitation of California Insurance Company is ordering the California Department of Insurance to provide more information about why it is claiming …
The Orange County District Attorney’s office filed charges against Karyl Lynn Reed, who operated Envoy Business Partners and Allenn Specialty Group staffing companies. Reed is charged with grand theft, forgery, and attempting to use forged insurance certificates. Reed was arraigned last week after being extradited to Orange County from Texas. Jail records indicate that she …