Aegis Blog

California man ordered to pay millions for contractor insurance fraud

California man ordered to pay millions for contractor insurance fraud

When it comes to getting insurance, fraud doesn't pay. Richard Lopez Escamilla Jr. found that out in a big way. The Fresno, California contractor was ordered to pay over 4 million dollars in fines, according to the State Department of Insurance, amidst allegations that that he lied to get lower rates. This gave him a financial and competitive advantage over honest companies, and allowed him to secure contracts he otherwise would not have been able to. The department also states that he committed other types of fraud, including altering the name ...
Workplace accident showcases importance of California business insurance

Workplace accident showcases importance of California business insurance

Workplace accidents can happen in any industry across the country, and business managers must ensure they are equipped with the right insurance solutions to mitigate any challenges that could arise from an unforeseen incident. This is particularly true in industrial organizations, where the natural environment may present more physical risks than a standard office setting. If risks are not properly managed, the financial consequences could be dire.  For example, a Maine man recently received a payout stemming from a 2009 workplace accident. According to the Associated Press, Joseph Bordeau of ...

 

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