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 … Read More »

California Insurance Company Kicked Out?

The trial court in the Applied Underwriters’ California Insurance Company conservation issued a tentative decision late yesterday in response to CIC’s objections to the California Insurance Department’s rehabilitation plan. “The … Read More »

Final Arguments Before Hearing On CIC Rehabilitation Plan?

Insurance Commissioner Ricardo Lara and Applied Underwriters made final written arguments for and against a proposed rehabilitation plan that could finally end the contentious conservation litigation, settle policyholder’s litigation, and usher California Insurance Company out of California. The San Mateo Superior Court overseeing this 3+ year conservation proceeding was to hear directly from the parties … Read More »

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