EquityComp Settlement -Nothing For Existing Customers
The ink is barely dry on the settlement agreement between Applied Underwriters and the California Department of Insurance. Attorneys adverse to Applied in the many open cases say it should …
Tagged in: BRK.A
CDI’s Secret Deal With Applied Underwriters?
Applied Underwriter’s fight with the California Department of Insurance over the legality of its EquityComp program and the integral but unfiled reinsurance participation agreement (RPA) may be coming to a …
Applied Underwriters’ Thumbs Its Nose At CDI
Applied Underwriters Captive Risk Assurance Company, (AUCRA), through its EquityComp program is still charging former insureds what some say are exorbitant run-off loss development factors on open claims after the …
Applied Knuckles Under On Unfiled RPAs
APPLIED UNDERWRITERS’ EQUITYCOMP PROGRAM IS DEAD IN CALIFORNIA Berkshire Hathaway’s Applied Underwriters’ and California Insurance Commissioner Dave Jones have signed a new “Stipulated Consent Cease and Desist Order” which bars …
Market Alert Berkshire Cos is Now Competing with Applied
Against the backdrop of a severe regulatory action against Applied Underwriters’ by the California Department of Insurance, Berkshire Hathaway carriers have lifted the moratorium on writing each other’s business. As …
Applied Underwriters Continues To Lose
Now it’s a California Superior Court Judge who has ruled the reinsurance participation agreement (RPA) in Applied Underwriter’s EquityComp program is void and unenforceable in California. The reason: Applied Underwriters has never filed and approved. The ruling also means the arbitration clause in the RPA is out. It’s another in the latest series of blows …
This content is only available to premium subscribers. Please login here log in
Make Applied Underwriters’ EquityComp Decision Precedential, Lawyer Urges CDI
Industry calls are increasing for Insurance Commissioner Dave Jones to act and make its decision regarding the Applied Underwriters’ EquityComp program applicable to all California employers – not just the …