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The state agency's investigation began after an insurance company suspected fraud earlier this year, according to a news release. Bear costume used in reported January 2024 car insurance scam.
The California Department of Insurance (CDI), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California.
The California Consumer Financial Protection Law (CCFPL) gave the DFPI expanded enforcement powers to protect California consumers from unfair, deceptive, or abusive practices committed by unlicensed financial services or products; COVID-19 pandemic-inspired scams; and a regulatory retreat by some federal agencies, most notably the Consumer ...
A variation of this scam occurs in countries where insurance premiums are generally tied to a bonus–malus rating: the con artist will offer to avoid an insurance claim, settling instead for a cash compensation. Thus, the con artist is able to evade a professional damage assessment, and get an untraceable payment in exchange for sparing the ...
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Suspects allegedly dressed up as bears to carry out fake attacks on cars as part of an insurance scam. Upon further scrutiny of the video, an investigation determined the bear was a person in a ...
On Thursday, it held the first of at least two hearings on home insurance in California. The nonpartisan agency, created in the 1960s, studies state government operations and policies and makes ...