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) …
Tagged in: CDI
Department Unveils Updated SIU Regulations
The California Department of Insurance is moving forward with a formal proposal to update regulations governing insurers special investigative units (SIU). The Department floated a draft proposal earlier this year but received strong pushback from the industry. Now carriers and others will have the opportunity to comment on an updated proposal as part of the …
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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 …
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 Fund says the department violated the clear intent of the settlement and that the underlying decision should now be vacated. State Fund has filed a …
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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 is unknown at this time how many other policies ICW applied an unfiled methodology to and which employers might be owed return premium. But the …
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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 program agreements were invalid because they were never filed for approval. The Travelers maintains in its writ of mandamus that “CDI told Travelers that it …
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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. Carrier representatives from across the country raised numerous objections to the draft updates. They would be the first changes to the regulations in roughly 15 …
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