Applied Underwriters’ CIC
The First District Court of Appeal took little time to dispose of California Insurance Company’s petition for a writ of mandate. Applied /CIC asked the court to review the San …
Tagged in: Applied
Party To CIC Rehabilitation Seeks Costs, 10% Interest Award
The attorney for a former California Insurance Company insured is again trying to get a San Mateo County court to require Applied Underwriters to pay 10% interest on any money …
Court Approves California Department’s Rehabilitation Plan
“The Commissioner’s Application and Application for Order Approving Rehabilitation plan is GRANTED and the Rehabilitation Plan is adopted as amended,” San Mateo Superior Court Judge Susan Greenberg wrote in her final …
No Surprise: CIC Files Opposition To Tentative Rehab Order
Applied Underwriters says a San Mateo Superior Court judge’s proposed statement of decision and tentative order is based in part on “legal error” and would adopt a rehabilitation plan that …
Conservation Court Confirms CDI Consequences
The San Mateo Superior Court judge handling the conservation of Applied Underwriters California Insurance Company issued a stinging rebuke of Applied Underwriters’ California Insurance Company for flaunting its indifference to …
“Scathing” Court Order about Applied Underwriters / CIC / Equity Comp
In what one attorney close to the litigation called “perhaps the most scathing order I’ve ever seen against anyone,” San Mateo Superior Court Judge Susan Greenberg supported the California Department …
Applied Underwriters’ / CIC Conservation Costs Top $12M – So Far
The court-appointed Conservator overseeing California Insurance Company’s operations and rehabilitation says it racked up bills totaling nearly $1.3M in the six months between December 2022 and May 2023. In total, …
CIC Rehabilitation Gets Closer
Attorneys for Insurance Commissioner Ricardo Lara completed the draft of a 100-page proposed order to approve the Department’s rehabilitation plan for the conserved California Insurance Company. The proposal is now …