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 … Read More »

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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 … Read More »

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Top Workers’ Comp Stories of 2019

Every year with the first issue of the new year, Workers’ Comp Executive compiles a list of the “Top Stories” from the prior 12 months. Some years produce more newsworthy events than others, such as when major legislative reforms occur, there are shakeups in the workers’ comp market, or when scandals are exposed. Well, 2019 … Read More »

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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 Insurance Office. It was because of a press release. Essentially, California Insurance Company, a subsidiary of Applied Underwriters, stated that because the California Department of … Read More »

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