Applied CIC – Admitted or Not? Are In-force Polices In-Force?
By Workers’ Comp Executive State regulation of insurance was dealt a sharp blow this week. No, it wasn’t because of any action in Congress or a pronouncement from the Federal …
Tagged in: Berkshire Hathaway
CDI Rejects Applied Sale; Blocks Escape To New Mexico
The California Department of Insurance is rejecting the proposed sale of California Insurance Company to CEO Steven Menzies and says that Applied Underwriters’ attempt to circumvent its oversight is illegal. …
Holy Moly! CDI Didn’t Approve Applied Sale
The purported sale of Applied Underwriters and its insurance company subsidiaries by Berkshire Hathaway to company founder Steve Menzies may not be a done deal after all. Berkshire reported the …
Applied Underwriters- Is the Sale In Trouble?
The Iowa Insurance Department has approved the sale of the Applied Underwriters’ related companies but with very telling conditions. California and Texas officials have, so far, not approved the deals. …
Lichtenegger Demands CDI Hold Funds From Applied Carriers
The imbroglio encompassing embattled California Insurance Commissioner Ricardo Lara and his numerous favorable decisions concerning the Applied Underwriters’ EquityComp Program continues. Lara accepted money from individuals with ties to Applied …
Ricardo Lara: Was it Money Laundering & Bribery?
The public advocacy group Consumer Watchdog is calling for a criminal investigation of California Insurance Commissioner Ricardo Lara. Of interest are Lara’s interactions with Applied Underwriters CEO Steve Menzies and …
Lara Faces Challenges to Authority
Insurance Commissioner Ricardo Lara is facing new challenges by Applied Underwriters over his actions in the workers’ comp appeals filed by Oceanside and RDR Builders. The Berkshire Hathaway (NYSE: BRK.A) …
Lara Sued Over Applied Underwriters Case Reversals
A writ to strike down California Insurance Commissioner Ricardo Lara’s overturning of decisions has been filed by two employers in San Francisco Superior Court. The comes on the heels of …