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Tagged in: CDI
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 …
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 …
MEWA Still Operating Despite CDI Efforts
It’s now been nearly three years since the first cease and desist order to shut down a purported alternative to workers’ comp insurance, a MEWA – Multiple Employer Welfare Arrangement. …
SIU Regulatory Comments Under Review
The California Department of Insurance’s proposal to update and tighten the state’s regulations for special investigative units (SIUs) operated by insurance carriers, third-party adminastrators (TPAs) and outside vendors received pushback from a handful of industry organizations. The proposal already went through one informal round of public comment that resulted in changes, but industry sources say …
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DAs Want Double-Digit Increase In Anti-Fraud Funds
The state’s district attorneys say they need a 20% increase in funding to combat workers’ comp fraud fully in all its various forms. Then they indicated that they would be able to get by with just a 14% increase. Their ask amounts to an additional $9 to $13 million from California employers on top of …
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🚨Compline to provide 2020 X-Mods Daily – Plus Lower Rating Thresholds, Classification Changes & More
Beginning today as the Bureau promulgates the 2020 X-Mods Compline will be releasing them daily. Through a special arrangement with the Bureau, daily updates will last for at least one week. Compline has already updated all its various systems for calculating X-Mods and other affected functions. What was adopted is lower thresholds that qualify an employer …
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