Court Set to Rule On CAP Dissolution Plan

A Sacramento Superior Court is set to rule tomorrow on a plan for dissolving the failed Contractors Access Program (CAP) self-insured group (SIG) that will keep the group from following its parent CRM Holdings into bankruptcy. But the fallout from the $38 million failure — California’s first for an active SIG — is still being … Read More »

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Rehabilitation Better Than Liquidation for Majestic Insurance

California Department of Insurance (CDI) officials are instituting a rehabilitation plan for Majestic Insurance Company after they forced the carrier into conservatorship when its surplus dropped below mandated levels. The move was designed to secure the carrier’s assets and prevent any further erosion of its financial position, and the rehabilitation plan could save as much … Read More »

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