X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Two Northridge, California residents are facing charges for their alleged involvement in an insurance premium fraud scheme amounting to more than $6.3 million dollars.Andrew Kim (aka Sung Young Kim), 43, and Chan Hee Yang (aka Chan Hee Ko), 61, were arrested by the California Department of Insurance on multiple counts of insurance premium fraud and conspiracy connected to Bell Building Maintenance Company, a janitorial business based in Sherman Oaks.

According to CDI investigators, Bell Building Maintenance Company, through Chan and Kim, purposefully misrepresented the number of employees working for the janitorial company so as to reduce the proper rate of workers’ compensation insurance premium.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.