The California Department of Insurance this week announced fines totaling $7 million against startup Zenefits, a provider of cloud-based human resources services. The company’s former leadership “created an anything goes culture at the Internet startup, resulting in numerous violations of licensing requirements to protect consumers,” said Insurance Commissioner Dave Jones. The fines are the culmination of investigations California launched last year after receiving complaints that Zenefits employees were selling insurance without a license.
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Zenefits Pays the Piper
Posted by: Richard Adhikari December 1, 2016 11:44 AMThe California Department of Insurance this week announced fines totaling $7 million against startup Zenefits, a provider of cloud-based human resources services. The company’s former leadership “created an anything goes culture at the Internet startup, resulting in numerous violations of licensing requirements to protect consumers,” said Insurance Commissioner Dave Jones. The fines are the culmination of investigations California launched last year after receiving complaints that Zenefits employees were selling insurance without a license.