California Balks at Applied Underwriters Sale, Questions Subsidiary’s Move to New Mexico

By | October 21, 2019

  • October 21, 2019 at 2:25 pm
    Baxtor says:
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    I would think moving it to New Mexico would be better for the policy holders in the state of California. The operational expenses should drop dramatically by getting out of California’s high prices and taxes to a much more normal state.

    • October 30, 2019 at 5:52 pm
      Nebraskan says:
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      Applied Underwriters doesn’t operate in California. Their operations are in Nebraska. Only the “upper echelon” are in CA. Moving to New Mexico won’t make much of a difference in this case.

  • October 21, 2019 at 4:36 pm
    Jack King says:
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    Seems like everything these days is somehow politically related or motivated. It’s a business decision, not a political one.

    • October 22, 2019 at 9:41 am
      PolarBeaRepeal says:
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      Are taxes on businesses a political topic or a business decision topic? I say ‘both’.

      No one in their right mind would remain in a high tax state if a viable alternative were available nearby.

      • October 22, 2019 at 12:25 pm
        confused says:
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        Hidden due to low comment rating. Click here to see.

        • October 22, 2019 at 12:39 pm
          Craig Cornell says:
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          Key phrase: “viable alternative”.

          If you are a restaurant in California, moving to New Mexico isn’t viable. If you are a plumbing contractor, insurance broker, one of a gazillion California lawyers, a vineyard or about 3 million other kinds of business, moving to New Mexico isn’t an option.

          Seriously, confused. Before you post a reply, let it sit for about an hour and think about it. There is a pattern.

          • October 22, 2019 at 1:36 pm
            confused says:
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            stupid me thought a business could be domiciled in one state and yet operate in another state. i am sure there are no brokers in CA who don’t live there. i am sure there are no attorney’s licensed to do law in CA who don’t live there. i am sure no restaurant groups own businesses in CA but are not domiciled there. what was i thinking?!

            oh. wait. what is all this then?

            “Just because a company is domiciled in one state doesn’t restrict operations to occur only within that state. Corporations may do business outside its home state as long as it follows the other state’s guidelines and protocols”

            h ttps://www.upcounsel.com/corporate-domicile

            “you have one of three options: continue as a corporation in the old state and register as a foreign corporation doing business in the new state”

            h ttps://www.bizfilings.com/toolkit/research-topics/running-your-business/how-to-move-your-business-llc-or-corporation-to-another-state

            If your company is conducting business in any other states than the state where you incorporated (or formed an LLC), then you need to register your business in those new states. This is often called “foreign qualification.”

            h ttps://smallbiztrends.com/2014/03/register-business-in-another-state.html

          • October 22, 2019 at 2:27 pm
            Craig Cornell says:
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            Nice try. Ridiculous, but nice try.

            California is famous for tracking down individuals and businesses for tax collection. Try to move out of the state and keep a residence here. Good luck.

            Same for businesses. If you continue to do business in California, the long arm of the Democrats will find your wallet.

          • October 22, 2019 at 3:56 pm
            Jon says:
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            Your response was basically “nuh-uh” Craig, more idiotic contrarian arguments just for the sake of being contrarian? Boring. Are you ever going to get tired of being shut down so hard on here, or having your lies pointed out?

        • October 23, 2019 at 11:27 am
          PolarBeaRepeal says:
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          Thanks, but my intent was not to insult, but to coerce 3 million businesses to leave to prove their sound judgement. Until they do, or somehow force changes through the ballot box, I will continue to make such judgements as an expression of my 1st Amendment rights in line and conjunction with posted rules for commenting on this site.

      • November 6, 2019 at 12:41 pm
        Nebraskan says:
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        PolarBeaRepeal….their insurance paper is domiciled in CA, but their 300+ employees work in an office in Nebraska. I’m not sure how the high tax state applies in this situation.

  • October 22, 2019 at 12:42 pm
    Craig Cornell says:
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    The article touches on what many suspect is the real issue. Insurance Commissioner Lara campaigned as another “tough on insurance companies” Democrat. He pledged not to take donations from insurance companies at all.

    And then he got caught doing just that. Including taking money from Applied Underwriters, who were already in hot water in California for a product they sold that was very misleading to businesses who bought it.

    My guess: Lara is playing politics, trying to look tough on an insurance company that gave him money. That’s all. Nothing to see.



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