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 ...

 

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