Members of self-insured groups (SIGs) are jointly and severally liable for each other’s losses, but a California Court of Appeal says the individual liability applies only to losses from years in which a member was actively covered by the group. The court rejected a self-insured group administrator’s attempt to assess former members of the failed …
A California Court of Appeal says it isn’t necessary to automatically disqualify the lead counsel for the California Self-Insurers’ Security Fund for hiring away a defense attorney from the other side in an on-going case. But it also chose to give the lower court a chance to determine if disqualification is warranted. The lower court …
California’s Self-Insurers’ Security Fund’s (SISF) $40 million lawsuit for joint and several liability against hundreds of former members of a failed healthcare industry self-insured group (SIG) has been delayed. A court has forced it to obtain new counsel. The case, which is over three years old, is being stayed to give SISF time to find …
The Contractors Access Program (CAP) is moving forward in court to resolve in as equitable a manner as possible the $38 million in outstanding workers’ comp liabilities owed by its …
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 …
Attorneys representing Insurance Commissioner Dave Jones were in court this morning to present the California Department of Insurance’s (CDI) plan for placing workers’ comp carrier Majestic Insurance Company into conservatorship …
The conservation order being filed by the California Department of Insurance today against workers’ comp carrier Majestic Insurance Company will include a plan allowing the sale of all of Majestic’s …
California workers’ comp carrier Majestic Insurance Company appears headed to conservatorship as early as tomorrow (Tuesday). Officials at its parent company revealed in a filing with the Securities and Exchange …