From the P&C Files: Is this big?
The result of this investigation may be the revocation of WF’s license to sell insurance in The Golden State.
[ed: Which, to be fair, may be to their benefit, based on the fires currently raging out of control]
I reached out to my P&C guru Bill M, who pointed out that:
A) Yes, this certainly appears to be fraud, and
B) In the grand scheme of things, 1500 incidents over 10 years seems more likely the actions of a “rogue” agency than systemic. Doesn’t make it right, but probably easier to contain and remediate.
Will be interesting to see which licenses are pulled, and for how long.
[Hat Tip: FoIB PC360]
Source: http://insureblog.blogspot.com/2017/12/from-p-files-is-this-big.html
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