Federal Court Rejects Applied Underwriters…Again
Applied Underwriters’ second attempt to have a federal court halt the California Department of Insurance conservation of California Insurance Company (CIC) ended the same way as when it tried it …
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Lobbyists Sue Applied Underwriters For $2M Fee
Correction: The original version of this article misidentified the organization that is pursuing a public records act lawsuit against the California Department of Insurance. The organization is Consumer Watchdog and …
Commissioner Lara v Applied Underwriters Back In Court
Insurance Commissioner Ricardo Lara and the California Department of Insurance will be in federal Court next week asking the Court to dismiss yet another attempt by entities related to Applied …
Applied Seeks To Delay New Mexico Penalty Hearing
Applied Underwriters is asking the New Mexico Office of the Superintendent of Insurance (OSI) to delay a hearing that could cost California Insurance Company-New Mexico its certificate of authority to …
Chubb, Hartford Merger Affects California Workers’ Comp Market
Chubb Limited (NYSE: CB) made an unsolicited bid to acquire The Hartford (NYSE: HIG) in what would be a $23 billion deal. Hartford’s board yesterday unanimously rejected the offer after reviewing it with its financial advisors. The merger would have shaken the the California workers’ compensation insurance market where each company is already a major …
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New Mexico is Threatening Applied Underwriters’ New Carrier
The New Mexico Office of the Superintendent of Insurance (OSI) is threatening to cancel the certificate of authority issued to a corporation that Applied Underwriters hastily created in 2019. The …
Applied Underwriters’ California Ins Company More Controversial Acts
Amidst charges of unapproved and uncollateralized loans to affiliates, unapproved property transfers, the California Department of Insurance’s Conservation and Liquidation Office says it is drafting a unilateral “rehabilitation” plan for …
Court Limits CDI’s Authority In Contract Disputes
The Fourth District Court of Appeal says the California Department of Insurance’s administrative law judges and Insurance Commissioner Ricardo Lara do not have the authority to decide breach of contract disputes through the administrative hearing process. The decision came in a 12-year-old premium audit case, but observers say the findings apply broadly to the common …
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