🚨 APPLIED UNDERWRITERS’ / CIC KICKED OUT

Applied Underwriters’ / California Insurance Company CDI TRASHES MANAGEMENT BEHAVIOR ARRANGES TO SETTLE LITIGATION KICKS THEM OUT OF THE STATE   The California Department of Insurance’s Conservation and Liquidation Office has a plan to resolve the state’s takeover of California Insurance Company. It calls for the Applied Underwriters-affiliated company to leave California and surrender its … Read More »

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Court Limits CDI’s Authority In Contract Disputes

The Fourth District Court of Appeal says the California Department of Insurance’s administrative law judges and Insurance Commissioner Ricardo Lara do not have the authority to decide breach of contract disputes through the administrative hearing process. The decision came in a 12-year-old premium audit case, but observers say the findings apply broadly to the common … Read More »

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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 sale in a filing with the SEC and sent out a press release stating as much to numerous news outlets. The California Department of Insurance, … Read More »

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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 Underwriters. Consumer Watchdog has called for corruption investigations around the transactions. Attorney Larry Lichtenegger has demanded the Commissioner – if he approves the sale – … Read More »

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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) … Read More »

Lara Sued Over Applied Underwriters Case Reversals

A writ to strike down California Insurance Commissioner Ricardo Lara’s overturning of decisions has been filed by two employers in San Francisco Superior Court. The comes on the heels of Lara taking money from people related to Applied Underwriters, meeting with Applied president Steve Menzies, then changing decisions of the Administrative Law Judges. At stake … Read More »

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Lara Continues To Intervene In Applied Underwriters’ Cases

Insurance Commissioner Ricardo Lara interceded in another dispute between Applied Underwriters and a California insured and again issued his own amended decision that is viewed as beneficial to the carrier.  Sources say the Commissioner’s unilateral order blocks the insured – RDR Builders – from potentially collecting $250,000 from Applied Underwriters and allows the carrier instead … Read More »

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