January 14, 2021.
(Los Angeles, CA, Economic & Insurance News by Insurance Market 360 ) – On April 24, new appointments to multiple advisory boards and committees in order to protect policyholders in the state.
New members joined the California Automotive Assigned Risk Plan Advisory Board (CAARP), the California Insurance Guarantee Association (CIGA) Board of Governors, and the Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee. CAARP advises Commissioner Lara on the operation of programs like the California Low Cost Auto Program and others; the CIGA Board oversees the operations and management of the guarantee association to protect policy holders, and the WCIRB Governing committee oversees issues related to pure premium rates, classifications, rating plans, rating systems and manual rules and policy, as well as endorsement forms. It is a private organization.
“I am very pleased to announce these appointments to the CAARP Advisory Committee, the CIGA Board of Governors, and the WCIRB Governing Committee,” said Insurance Commissioner Ricardo Lara. “These committees and boards’ primary goal is to protect California consumers and these members will help us meet that goal.”
The next meeting of the CAARP Advisory Committee is Wednesday, May 20, 2020. The CIGA Board of Governors will meet on May 6, 2020, and the WCIRB Governing Committee will meet on June 10, 2020.
Source: California Department of Insurance.
February 12, 2021.
(Sacramento, Calif., Economic & Insurance News by Insurance Market 360) – Jorge Gerardo, 55, of Sacramento, was found guilty of three Insurance offenses which were intentionally done related to underreporting payroll and employees to illegally save on workers’ compensation insurance premiums, impacting a loss of $687,560 to three insurance bearers.
Referring to the complaint of one of the Insurance agency, department of Insurance, California, initiated an investigation into the issue and probed into the cleaning company PRP-CARE owned by the accused since 2014.In the enquiry; it was found that the owner intentionally underreported payroll and committed premium cheat to the insurers.
In another incident, an employee of Pro-Care demised on 10 July 2016.The cleaning company did not submit the required and relevant documents of underwriting and pay roll to the insurance providers which became other strong supporting evidence of conscious fraud.
Further, the captioned company did not submit its report to the insurance companies for three years consecutively from 2017 to 2019 whose value was above $5 millions. All the above illustrations have become clear evidences to the department confirming the cheating done by Maldonado.
In this regard, Maldonado surrendered as there was no option left except accepting his mistakes. He is sent to the court jail of Sacramento wherein the case is under the jurisdiction and purview of the office of Country district Attorney.
Source: Department of Insurance, California
February 10, 2021.
(Los Angeles, Calif., Economic & Insurance News by Insurance Market 360) – Hazel Edwards, 59, and Laquinta Lowe,38, of Chula Vista arrested in a fraud claims of $2.12Million. Action was initiated on both, with reference to the complaint of Edwards insurance Company in 2018 producing the necessary documents of 2014-2017 on multiple offenses, large theft and fake injuries.
Edward is found responsible for seven cheating cases worth of $131,856 and Lowe, for four cases, $ 80,451.Mother. Both of them were arrested on 17 December, 2020.
Mother submitted documents for reimbursement with regard to continuous injuries by playing softball, head injuries and snakebite; while, daughter, claimed injuries due to playing football, head hit and snakebite. It was found in the enquiry that both of them submitted fake documents for all the claims claimed and hence arrested. Mother became a role model to the younger one in cheating and illegal actions.
Edwards was sent to the Riverside County Sheriff’s Department, Southwest Detention Facility and Lowe was taken into custody and sent to the San Diego County Sheriff’s Department – Las Colinas Women Detention Facility. Bail for each is permitted by the attorney for a value of $50,000. The case is prosecuted by the office of Los Angeles County District Attorney’s and the bail amount for each is $ 50,000
Source: Department of Insurance, California