CDI Levies $4.3M Penalty on Company Accused of Selling Comp Without a License

California Insurance Commissioner Dave Jones handed out penalties totaling $4.3 million to American Labor Alliance for selling workers’ compensation insurance without a license for more than two years. The penalty is the equivalent of $5,000 for every day American Labor Alliance continued to operate despite being told to shut down the operation. The Insurance Department said in a statement that the company and an affiliate sold work comp coverage without a license from Dec. 10, 2015, through April 26, 2018 — a period of 869 days. What’s more, the decision...