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Wells Fargo Facing Insurance License Suspension or Revocation

The California Department of Insurance and Insurance Commissioner Dave Jones announced this morning that the department is seeking to suspend or revoke Wells Fargo's insurance licenses.

Department alleges Wells Fargo signed up 1,500 consumers for insurance without their consent

Department of Insurance seeking to suspend or revoke its licenses for alleged improper insurance sales practices related to the company's online insurance referral program, which resulted in insurance products being purchased and paid for by consumers without their knowledge. 

Read the Dept of Insurance Accusation 

Read the Dept of Insurance Investigation 



Dave
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