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Low Take-Up on Flood Cover Minimises Losses in California

25 January 2023 alastair walker 0

Moody’s RMS®, the leading global catastrophe risk modeling and solutions company, estimates total U.S. economic losses from the recent California flooding at US$5-7 billion. This estimate reflects inland flood impacts for the U.S. and includes damage […]

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Legal

California Insurance Agent Arrested on Multiple Felony Charges

13 January 2023 alastair walker 0

Latest from the California Dept of Insurance; Sally Nava Kanarek, 76, of Huntington Beach, was arrested today on multiple felony counts of financial elder abuse, grand theft of an elder, and forgery after a Department […]

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Legal

US News: Former Insurance Agent Sentenced For Fraud

23 December 2022 alastair walker 0

The latest case report from the California Department of Insurance; Formerly licensed insurance agent Anaiza Villarreal Lopez, 30, of McFarland, was sentenced yesterday in Kern County Superior Court on one count of grand theft by […]

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Global insurance trends

US News: Jail Time For Former California Insurance Agent

12 December 2022 alastair walker 0

The latest from the California Dept of Insurance; Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, was sentenced yesterday after pleading no contest to 17 felony counts of identity theft and grand […]

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Global insurance trends

California Insurance Agent Sentenced For Grand Theft

11 November 2022 alastair walker 0

The latest case report from California; Formerly licensed insurance agent Vincent Allen LaGrange, 66, of Seal Beach, was sentenced today in San Bernardino County Superior Court on one misdemeanor count of grand theft from an […]

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Global insurance trends

US Market: Ahoy! Boat Insurance Now Available in California

31 October 2022 alastair walker 0

Ahoy!®, the digital insurance MGA for recreational boating, is now available to boaters in California who can take advantage of policies that are tailored to the needs of modern boaters. One of the largest boating […]

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Global insurance trends

Workers Comp Fraud: Latest Charges From California

28 October 2022 alastair walker 0

The latest case from California where Workers Compensation Fraud is a growing risk; Edgardo Cabrales Sr., 61, and his son, Edgar Cabrales Jr., 36, both of San Jose, are charged with five felony counts each […]

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Global insurance trends

California Regulators Act on Wildfire Insurance Premiums

18 October 2022 alastair walker 0

The latest from California, where regulators are attempting to control the cost of wildfire insurance; Insurance Commissioner Ricardo Lara will enforce the new insurance pricing regulation he wrote recognizing and rewarding wildfire safety and mitigation […]

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