Insurance start-up Zenefits gets $7m fine
Insurance and human resources start-up Zenefits has been fined $7m by insurance regulators in California for allowing unlicensed employees to sell insurance. Half of the penalty has been suspended while the company complies with state regulations. Zenefits has paid several previous penalties in other states for the same issue. Zenefits provides insurance brokerage through software, which allowed staff to complete the pre-license paperwork in a shorter amount of time than the state permitted.
State Farm announced a similar decision last week

The question must now be asked. Will California homeowners be able to buy insurance coverage for their homes?

Allstate has become the second major insurance company to announce it will stop writing homeowners insurance policies in the state. Because of wildfires and other natural disasters, the company says the risk is too great. In fact, the company confirmed it stopped writing new policies at the end of 2022.

Last week State Farm announced it is pulling out of Californi...