CLO | Workers’ Comp Executive | Workers’ Comp Executive

Senate Committee Approves CEO Appointment for Liquidation Office

The Senate Rules Committee gave its unanimous approval to Insurance Commissioner Ricardo Lara’s appointment of Joe Holloway (see photo) to be the chief executive officer of California’s Conservation and Liquidation Office. Holloway has been with the agency for nearly two decades and overseen numerous carrier insolvencies and conservations. He replaces David Wilson, who retired last … Read More »

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Applied Underwriters Asks Brokers to Write References to CDI

California brokers with clients covered by Applied Underwriters’ California Insurance Company either in the EquityComp program or the Solution one program tell Workers’ Comp Executive they are getting multiple calls … Read More »

Applied Underwriters’ / CIC Rehabilitation Plan Pushed Back Again

The public release date for conserved California Insurance Company’s proposed rehabilitation plan has been pushed out several more weeks. CIC management had stopped negotiations and sued, but now, spurred on … Read More »

Motion To Vacate Applied Underwriters’ CIC Conservation Denied

Applied Underwriters’ affiliate California Insurance Company suffered a second loss in less than a week concerning its conservation by the California Department of Insurance. The carrier lost its bid to … Read More »

Court Approves Public Release Of CIC Rehabilitation Plan

The forthcoming plan for rehabilitating California Insurance Company, an affiliate of Applied Underwriters’ will be a public document, and policyholders aggrieved by the actions of Applied Underwriters and its affiliates … Read More »

Applied Underwriters’ California Ins Company More Controversial Acts

Amidst charges of unapproved and uncollateralized loans to affiliates, unapproved property transfers, the California Department of Insurance’s Conservation and Liquidation Office says it is drafting a unilateral “rehabilitation” plan for … Read More »

CLO To Sell Majestic Insurance Company’s Remains

The California Conservation and Liquidation Office has a deal in hand to sell off the corporate shell of the failed Majestic Insurance Company along with its certificates of authority to write insurance in California as well as other states. But don’t look for the new owners to be interested in writing your next workers’ comp … Read More »

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CDI, Superior National Offshoot Reach $15 Million Settlement

A California court is giving the go ahead to a $15 million settlement between the California Department of Insurance, as the liquidator of the failed Superior National insurance group estate, and a litigation trust that was formed after the carrier was declared insolvent. The deal has CDI paying out up to $15 million to settle … Read More »

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Tagged in: CLO

Senate Committee Approves CEO Appointment for Liquidation Office

Applied Underwriters Asks Brokers to Write References to CDI

Applied Underwriters’ / CIC Rehabilitation Plan Pushed Back Again

Motion To Vacate Applied Underwriters’ CIC Conservation Denied

Court Approves Public Release Of CIC Rehabilitation Plan

Applied Underwriters’ California Ins Company More Controversial Acts

CLO To Sell Majestic Insurance Company’s Remains

CDI, Superior National Offshoot Reach $15 Million Settlement