Applied Underwriters’ Sold to Cayman Islands Company
Applied Underwriters’ long said to be for sale by its parent Berkshire Hathaway (BRK: A NYSE) has been sold – to a Cayman Islands company. The news came in its …
Tagged in: CDI
SCIF Petitions Court, Says CDI Is Violating Settlement
The State Compensation Insurance Fund is asking a state court to block the California Department of Insurance from using the settlement agreement reached in the A-Brite case against it. State …
CDI Cracks Down On ICW’s Practices
The California Department of Insurance has ordered Insurance Company of the West to recalculate an employer’s premiums after finding its original calculation to be based upon unfiled rate information. It …
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Travelers Sues To Overturn CDI Ruling
Travelers Property Casualty Company of America is asking the Los Angeles County Superior Court to overturn a decision by former Insurance Commissioner Dave Jones. Jones found that its large deductible …
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Applied Underwriters Ignored X-Mod Change
Insurance Commissioner Ricardo Lara finds more controversy about Applied Underwriters. Commissioner Lara determined California Insurance Company (CIC), an Applied Underwriters unit, violated Insurance Code sections 11734 and 11735 by using …
Department Faces Pushback Over Draft SIU Regulations
The California Department of Insurance asked for feedback on draft regulations for carriers’ special investigative units (SIU) and its staff got an earful at a packed house meeting in Sacramento. …
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Insurance Department Eyes Updated SIU Regulations
The California Department of Insurance is looking to update the state’s regulations governing carriers’ special investigative units (SIUs) and their interactions with the Department’s fraud unit. CDI is holding a …
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CDI Drops Precedential Designation In A-Brite Decision
A precedential decision by former Insurance Commissioner Dave Jones has been reversed by Insurance Commissioner Ricardo Lara. New Insurance Commissioner Ricardo Lara agreed to a settlement with State Fund that …