State Fund is Number One Again

The 2019 market share totals are telling. While the ten largest groups writing workers’ comp coverage in California are unchanged from 2018, there is significant movement among the players starting from the top on down. Berkshire Hathaway Group (NYSE: BRK.A) relinquished the crown it claimed from the State Compensation Insurance Fund in 2017 as the … Read More »

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NAIC’s Top 25 Workers’ Comp Carriers

Initial results from the National Association of Insurance Commissioners show that the Travelers Group (NYSE: TRV) and Hartford Fire & Casualty Group (NYSE: HIG) remained the most prominent players in the workers’ comp market nationwide. Still, the 2019 totals show significant movement among other carriers in the top 10 (see chart). Overall, however, the list … Read More »

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Applied Underwriters- Is the Sale In Trouble?

The Iowa Insurance Department has approved the sale of the Applied Underwriters’ related companies but with very telling conditions. California and Texas officials have, so far, not approved the deals. CDI and Texas officials decline to say what is holding up the decision. Neither state has released the documents associated with their review. There is … 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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ALJ Rejects Lara’s Order In Applied Underwriters’ Decision

There is new a conflict between embattled California Insurance Commissioner Ricardo Lara and the Administrative law judges he has been overturning.  Now, an administrative law judge (ALJ) who decided a case challenging Applied Underwriters’ EquityComp program is refusing to change a decision despite being ordered to by Commissioner Lara. Lara issued another order of “non … Read More »

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Applied Underwriters Rating Downgraded

Applied Underwriters pending exit from the Berkshire Hathaway (NYSE: BRK.A) family of companies is having a negative impact on the credit ratings for its primary insurance companies – California Insurance … Read More »