California Department of Insurance News

Homesite Insurance Company Agrees to Pay $350,000 for California Penalities

The Department of Insurance announced that Homesite Insurance Company has agreed to pay a penalty of $350,000, and refund $10,522 in premium overcharges to over 70 California policyholders. “Ensuring that insurance companies are conducting business according to all laws and …

California Department Insurance: Streamlined Licensing

The California Department of Insurance announced a new process for professionals submitting insurance agent, broker, adjuster and bail agent license applications to CDI. The new process “enhances customer service and increases the operational efficiency of handling licensing applications statewide,” according …

California Insurance Commissioner’s Annual Report Details Consumer Protection

The California Department of Insurance has issued California Insurance Commissioner Dave Jones’ annual report for 2011 that details CDI’s progress on its “ambitious consumer and business protection agenda.” The report, released each year around August, details the work of the …

CDI Gives $32M to Fight Workers’ Comp Fraud

The California Department of Insurance will distribute $32 million in grants to district attorneys in California to support efforts to investigate and prosecute workers’ compensation insurance fraud. Every year, the Fraud Assessment Commission determines the grant funding based on assessments …

Replacement Costs Battle on the Road to Somewhere

Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is because a court of appeals accepted …

CDI Launches Enforcement Action Against Insurers Over Claims Handling Practices

The California Department of Insurance (CDI) announced this week it served an Order to Show Cause, a Statement of Charges/Accusation and a Notice of Monetary Penalty against the New Hampshire Insurance Company, a subsidiary of AIG, and its authorized agent …