Court Rejects SIG’s Joint Liability Assessment

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 … Read More »

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SISF Gets Its Lawyers Back… Maybe

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 … Read More »

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40M SISF Lawsuit In Jeopardy

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 … 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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Takeover of Majestic Imminent

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 … Read More »