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 …
Tagged in: Applied
State Preparing Final Order To Usher CIC Out of California
The San Mateo Superior Court judge in the [Applied Underwriters’] California Insurance Company conservation case gave the state the nod to write the order implementing its proposed rehabilitation plan. The …
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 …
Applied Underwriters’ CIC Rehabilitation Delayed But A Decision Is Coming
Attorneys representing the California Department of Insurance and those representing Applied Underwriters’ conserved California Insurance Company were back in court battling to outline their arguments for and against the proposed …
The Fight Continues for CDI’s Applied Underwriters Records
The left-leaning advocacy group Consumer Watchdog continues its fight involving public records act requests asking the California Department of Insurance for records pertaining to meetings and writings with and between …
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 …
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Applied Underwriters’ CIC To Fight Insurance Department Rehab Plan
Applied Underwriters is raising new arguments against the inclusion of settlement provisions in the California Department of Insurance’s proposed rehabilitation plan for California Insurance Company. The settlement provisions provide three …
SCOTUS Rejects Applied Underwriters’ Appeal In CIC Conservation
The United States Supreme Court rejected, without comment Applied Underwriters’ appeal of the Ninth Circuit twice upholding the California Department of Insurance’s conservation of California Insurance Company. Applied appealed to …