Applied Underwriters Investigations

The long-awaited decision in the California Insurance Company rehabilitation plan is out. But will the saga continue?

The EquityComp debacle continues with the Court in change of rehab issuing a “scathing” decision concerning Applied Underwriters and California Insurance Company. Here’s the latest in the four-year-old conservation proceeding?  

A final decision is still pending, but the Judge overseeing California Insurance Company’s conservation gave a big clue as to how she plans to rule. Get the details here.

What did the U.S. Supreme Court think of Applied Underwriters’ petition for certiorari in the California Insurance Company case? Apparently, not much. Get the details about its ruling here. 

What actions prompted Applied Underwriters’ / California Insurance Company’s independent auditor suddenly quit? What new safeguards has the court-appointed Conservator instituted to protect policyholders? And what inferences can be made about how management is conducting business?

After some consideration in our newsroom we made the decision to provide CDI’s summary – the points and authorities – directly to you– without filters or interpretation – so you can decide what to make of it. Get the details by clicking here.

The California Department of Insurance filed a plan for taking out Applied Underwriters’ California Insurance Company. It is devastating to management and may have implications for affiliates. Get the first of many of the details by clicking here.

After months of delays and general inaction, developments are happening fast in the case of the conservation of Applied Underwriters’ affiliate California Insurance Company. What’s driving the sudden movement towards a resolution? Get the details by clicking here.

The purported sale/merger/redomestication of California Insurance Company is becoming surreal. Did CDI seize the carrier? Does the carrier even exist? Get the latest by clicking here.

Applied Underwriters’ California Insurance Company is now operating under a court-ordered conservatorship according to the California Department of Insurance. Click here for the latest in this developing story.

Like all things Applied, clarity is at best opaque and perhaps obscure. And the present situation is no different. Was there a sale or not? Was there a merger or not? As the 1940s radio program The Shadow’s tagline used to say: “Who knows what evil lurks within the hearts of men?” Get what we know so far here ….

Is Applied’s CIC Admitted in California or not? It’s has stopped quoting new and renewal business. Are existing in-force policies in force or not? These and other questions are answered in this edition of the Saga Applied Underwriters’ – Veracity or Verbosity – Click here for an amazing read …

More Applied Underwriters Confusion. The California Department says it may have lost its certificate of authority its polices may not be legal. What a mess. Read it here.

Did Applied Underwriters and Berkshire Hathaway defy California regulators in moving forward with the change in ownership? We’ve got the official statement from the Department in this developing story. Get the details here.

The delayed sale of Applied Underwriters is finally complete. What conditions did the regulators impose? Get the details here.

A fight breaks out between the California Insurance Department Judges and the Lara Administration. CDI officials are ramping up pressure on its independent administrative law judges hearing an Applied Underwriters’ cases. The judges aren’t caving. Read about it here.

Applied Underwriters missed a key deadline in its plan to break off from Berkshire Hathaway and millions of dollars are now at risk. What’s the latest in the controversial deal?

The pending sale of Applied Underwriters has former insureds and current litigants concerned. What protections are they seeking from the California Department of Insurance? Get the details here.

New facts shire a bright light on embattled California Insurance Commissioner Ricardo Lara’s troubles. As more details emerge the question arises about how long he will be able to continue in office. Click here for the newest revelations…

Ricardo Lara Spanked by Administrative Law Judges in another Applied Underwriters’ case. Get the dope (and some enlightenment)

Insurance Commissioner Ricardo Lara’s troubles from the Applied Underwriters’ mess are growing. A important new legal front is opening up. Get the latest by clicking here.

A California Department of Insurance administrative law judge just said no to embattled Commissioner Ricardo Lara. It is in another Applied Underwriters case. And the decision by the ALJ may be very telling concerning recent moves by the Commissioner. Get the story here.

Troubling revelations continue to emerge from the Lara campaign contribution scandal involving contributions from individuals linked to Applied Underwriters. It also mdeans more trouble for former EquityComp participants. Get the story here.

Everyone knows that California Insurance Commissioner Ricardo Lara took money into his 2020 campaign from individuals related to Applied Underwriters. The evidence in the timeline of events strongly suggests that he took official actions after receiving Applied Underwriters’ money. Click here for the details…

Applied Underwriters’ has been sold. Find out to whom and read why some people think it was done.

Berkshire Hathaway plans to offload a key workers’ comp subsidiary. What’s the latest in the sale of Applied Underwriters?

New Jersey’s Insurance Commissioner is taking on Applied Underwriters over its unfiled and unapproved reinsurance participation agreements. What are the potential penalties and when might they take effect? Get the details here.

Has Warren Buffett tired of the shenanigans at his troubled Applied Underwriters subsidiary? The unit has been making headlines for all the wrong reasons and a new report says a split is coming. Click here.

The verdict is in and the Ninth Circuit backed the little guy in a fight brought by Applied Underwriters and its parent Berkshire Hathaway. Get the full details by clicking here.

Court decisions against Applied Underwriters EquityComp Program and its unfiled and unapproved EquityComp reinsurance participation agreement are stacking up. Employers are beginning to see money results and out of long-term debts. Which court just ruled against the Berkshire Hathaway subsidiary and why? Get the details here.

Applied Underwriters found itself on the losing end of another argument over the enforceability of key provisions in its EquityComp reinsurance participation agreement. What were the court’s key take-aways? Get the story here.

Employers fighting for their day in court with Applied Underwriters are a big step closure under the terms of a new decision. What does the Fourth District have to say about the legality of the reinsurance participation agreement in Applied’s EquityComp program? Click here for the details.

It didn’t work when Applied Underwriters EquityComp program attempted and failed to force two more California employers into arbitration rather than duke it out in the courts. An Appellate court refused to enforce an arbitration provision – Learn why it matters and why the decision was made – click right here.

Applied Underwriters’ is sanctioned by a federal court in its own backyard. What did the Berkshire Hathaway subsidiary do or not do to bring about this judicial rebuke? Get the story here.

Rumored settlement between California Department of Insurance and Applied Underwriters is now official. CDI saiys: “Berkshire Hathaway subsidiary’s bait and switch marketing tactics halted by regulator agreement” How will this affect California employers? Get the story here.

CDI and EquityComp Settlement won’t change anything for previous policyholders. Read why right here.

Have California Department of Insurance and the Berkshire Hathaway subsidiary settled there differences? If so, what does this mean for insureds? Why isn’t the Department talking? Get the story here.

Applied Underwriters is in even more trouble. This time in New York. It is facing another class-action lawsuit over its use of unfiled and unapproved reinsurance participation agreements (RPAs). What the judge in New York said is very interesting. Get the story here.

A court holds that Applied Underwriters’ EquityComp Program remains void and unenforceable. It is under a cease and desist order. Find out why and how and more importantly if the company is disobeying the California Commissioner.

Is Applied Underwriters disrespecting Insurance Commissioner Dave Jones by violating the terms of the cease and desist order it signed. A prominent attorney says it is and here’s how. Get the full story by clicking here.

Applied Underwriters and the state are due to square off in court over Insurance Commissioner Dave Jones’ decision in the Shasta Linen case. What are the latest arguments refuting Applied’s allegations of harm and loss? Get the details here.

Applied Underwriters is in the news again and this time its national news. What’s the latest in its on-going fights with regulators and policyholders? Get the details here.

A key rating agency issued a negative warning about Applied Underwriters’ and its workers’ comp carriers. What concerns analysts at A.M. Best about the future of Applied Underwriters’ and its ties to Berkshire Hathaway? Get the details here.

Has Applied Underwriters found a way around a key provision of the consent order it signed with the California Department of Insurance? Department officials say they are looking into the company’s change in behavior.

Applied Underwriters EquityComp Program is effectively dead in California. Applied agreed to and signed a “Stipulated Consent Cease and Desist Order” and to stop selling unfiled reinsurance participation agreements and other concessions. There are many more terms and conditions you can read right here.

Applied Underwriters’ Equity Comp Program: To Cease and Desist or Not to Cease and Desist? Yes appears to be the answer although to which is the question. To find out what the confusion and disarray are about click here

Applied Underwriters is making bold moves to protect its interests. But are the veracity of all of its its assertions accurate? The Department has responded it its own fashion, and its sticking to the legality of the cease and desist. Others question the facts in the fact sheet and more … Get the story here …

Other Berkshire Hathaway carriers can now write business coming out of Applied Underwriters. More importantly learn the dangers lurking in the move … Click here to read this…

It’s curtains in California for Applied Underwriters’ EquityComp Program in total and also for SolutionOne Program to the extent it uses unfiled agreements. The California Commissioner ordered it cease and desist selling new and renewal programs.

The controversy continues as Applied Underwriters’ figuratively flips off the Department – you’ll have to read it to believe it. Click here …

Applied Underwriters EquityComp Program has been termed illegal by California Insurance Commissioner Dave Jones. Here are the details of his announcement and links to the pertinent documents.

Applied Underwriters’ Equity Comp program is being sued again and this time the insured is trying to find out how Applied calculates bills. It might not be so easy. Click here to see the gory details …

Vermont has forced Applied Underwriters SolutionOne program to stop writing business and to make refunds. Read about its latest regulatory run in right here right now…

Applied Underwiters’ isn’t just in trouble for its EquityComp program. It’s SolutionOne program now has similar issues plus a big lawsuit asking for punitive damages. Read it here …

Calls to make the Departments decision in Applied Underwriters EquityComp precedential so it applies to all employers are being sent to the Department.

What is the story with the California Department’s decision declaring the RPA void? – Does it or doesn’t it apply to only one insured? Here’s the knowledge you need. Click here …

Applied Underwriters’ Equity Comp program’s main contract, the Reinsurance Participation Agreement has been deemed void by the CDI because it has not been filed and approved. This was a victory for California employer Shasta Linen in a case before the Department.

Applied Underwriters sued Workers’ Comp Executive to prevent the upcoming webcast about its Equity Comp program. The Court refused to issue a Temporary Restraining Order. Will they try again? Here’s Dale’s take on some of the details of the lawsuit – which we’ll share if you want to read it. (Oh and the webcast is still going on …)