Lawsuits filed in California on May 6 allege that two of the nation's largest tax preparation companies defrauded low-income filers by using deceptive and misleading practices. The companies supposedly made it difficult for taxpayers to access the Internal Revenue...
Year: 2019
Lawsuit draws attention to problems with cyberinsurance
Dark clouds hover over the booming cyberinsurance industry. Cyber policies currently value an estimated $5.2 billion and should reach $7.5 billion by the end of the decade. However, a recent lawsuit shows that these policies might not protect insurance holders as well...
Frequent Bay Area flooding puts business owners in a bind
From San Rafael’s flash floods in late February to an “atmospheric river” flooding the North Bay, Northern California has seen our share of rough waters in the last few months. And according to the Insurance Institute for Business and Home Safety, more than a quarter...
Court dismisses complaint due to late reporting
Insurance policies are notoriously dull to talk about but crucial to the operation, and even the survival, of a business. Every business needs to effectively communicate with insurance companies to protect their employees and their company. A recent decision by the...
Former California insurance agent facing fraud charges
Prosecutors in California say that a former licensed insurance agent stole more than $100,000 from small business owners and general contractors by selling them bogus workers' compensation policies. The 31-year-old man faces a raft of felony counts, including...
Former lawyer jailed in fraud case
A former California lawyer was sentenced on Jan. 11 to four years in prison after being convicted of insurance fraud and felony elder fiscal abuse. The 83-year-old man's conviction came over three years after allegations were first raised regarding his failure to pay...
What California policyholders need to know about ‘bad faith’ laws
Insurance companies in California typically have several advantages over policyholders because of their significant resources and negotiating strength. This is why many states have laws requiring insurance providers to act in good faith when dealing with their...
State workplace fatality numbers stay the same
There were 376 fatal workplace injuries in both 2017 and 2016, according to recently released data from the U.S. Bureau of Labor Statistics. The number of workplace deaths is comparable to the three previous years: 388 in 2015 344 in 2014 396 in 2013 Nationally, the...