CIC News

California Insurance Co. Says Judge’s Tentative Order Won’t Stop CDI Overreach

A California court’s tentative decision in a dispute between the California Department of Insurance and the California Insurance Company “failed to undo the unprecedented use of the CDI’s conservation mechanism to restrain CIC from its long-planned exit from the state,” …

NFP’s Alerity Acquires CIC Group in Buffalo

Alterity Group, a subsidiary of insurance brokerage NFP, reports it has acquired CIC Group, a Buffalo, New York-based commercial insurance agency. CIC Group principals Timothy McMullen, Gina Teresi and Chris O’Donnell will join Alterity and report to Sharla St. Rose, …

Federal Appeals Court Rules Against Applied in California Department of Insurance Case

The U.S. Court of Appeals for the Ninth Circuit has affirmed a district court’s dismissal of federal actions in a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. This is the latest …

New Mexico AG Takes More Steps to Intervene in Conservation of California Insurance Co.

New Mexico Attorney General Hector Balderas has retained California legal counsel on behalf of the state and filed for leave to submit an amicus curiae brief in the conservation proceedings over California Insurance Co. CIC continues to battle the imposition …

California Insurance Company Pressing for its ‘Day in Court’

U.S. District Court Judge William B. Shubb granted the motion by the California Department of Insurance to dismiss the lawsuit filed by California Insurance Co. against the CDI. Shubb acted in a manner consistent with his previous decision in the …

California Insurance Co. Hits Commissioner with Anti-SLAPP Motion

California Insurance Co. has filed an “Anti-SLAPP” motion the company says is to protect its First Amendment rights in its ongoing legal battle with the California Department of Insurance and Insurance Commissioner Ricardo Lara. Anti-SLAPP laws (Strategic Lawsuit Against Public …

Court Orders California Insurance Company Conserved in Another Round in Applied Battle

Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court on Monday evening issued an order appointing …

Kenya’s CIC Expects Uganda, Malawi Units to Break Even in 2 Years

Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday. The East African nation has a low rate of insurance penetration, with less than 10 …

MarketScout, Ironshore Launch E&O Program for CIC Insurance Agencies

MarketScout has developed a new errors & omissions facility designed specifically for Certified Insurance Counselors (CIC) to be offered through its relationship with Ironshore Inc., a global specialty insurance company. The new facility will also work in cooperation with The …

CICs and CRMs Earn Update Credit at Entrepreneurial Insurance Symposium

Dallas, TX – April 20 2011 – The Entrepreneurial Insurance Symposium has been approved by The National Alliance for Education and Research as a qualified annual update for Certified Insurance Counselors (CIC) and Certified Risk Managers (CRM) certificate holders. According …