Property owners across the state have seen their policies dropped by insurance companies due to fire danger, but experts say the state’s regulations are more impactful than the risk posed by natural disasters. After State Farm and Allstate both declared in May they will no longer accept new homeowners’ policies in California, many property owners…
California Insurance Crisis Goes Beyond Wildfire Risk: Experts
July 7, 2023
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More Than Wildfire Risk Causing Insurance Companies to Reconsider California: Experts
July 7, 2023
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Business & MarketsCaliforniaCalifornia Department of Insurancehome insuranceinflationNorthern CaliforniaPolicies & Impactsreal estateRegional & State NewsreinsuranceSouthern CaliforniaState FarmState NewsUSUS Newswildfire
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Property owners across the state have seen their policies dropped by insurance companies due to fire danger, but experts say the state’s regulations are more impactful than the risk posed by natural disasters. After State Farm and Allstate both declared in May they will no longer accept new homeowners’ policies in California, many property owners…
Former Insurance Agent Arrested for Allegedly Stealing $90,000 From Elderly Client
January 13, 2023
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Newport Beach police arrested a 76-year-old woman Jan. 12 for multiple felony counts of financial elder abuse, grand theft of an elder, and forgery, according to the California Department of Insurance. Sally Nava Kanarek, of Huntington Beach, who worked as a life insurance agent from 2018 to 2021, allegedly forged checks to steal over $90,000…
3 Bounty Hunters Accused in San Diego Burglary, False Imprisonment
October 8, 2022
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NATIONAL CITY, Calif.—Three people working as bounty hunters have been accused of burglarizing a house after arresting the resident in National City, then unlawfully detaining their suspect’s girlfriend and her father. According to the California Department of Insurance, the defendants were working illegally as “bail fugitive recovery persons” during a June 10 incident in National…
GEICO Shutters California Branches
August 2, 2022
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Auto-insurance giant GEICO has closed all 38 branches in California, becoming the latest private insurance company to reduce business operations in the state. Locally owned branch offices were told of the company’s decision in a two-minute zoom call, one agent who asked to remain anonymous told The Epoch Times. “It’s criminal,” the branch office owner…
Warren Buffett-owned Company Shutters California Branches
August 2, 2022
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Auto-insurance giant GEICO has closed all 38 branches in California, becoming the latest private insurance company to reduce business operations in the state. Locally owned branch offices were told of the company’s decision in a two-minute zoom call, one agent who asked to remain anonymous told The Epoch Times. “It’s criminal,” the branch office owner…
2 Orange County Men Allegedly Kidnapped Woman While Acting Illegally as Bounty Hunters
June 22, 2022
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ORANGE, Calif.—Two Orange County men are accused of kidnapping a woman while working illegally as bounty hunters. Rodger Jeffrey Corbett, 49, of Corona, and Kevin Andrew Pedersen, 34, of Fullerton, are facing criminal charges of kidnapping, false imprisonment by violence, menace, fraud or deceit, and enhancement with firearm, according to a June 20 statement by…
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