conservatorship News

Supreme Court Won’t Take up Applied Suit Against California Department of Insurance

The U.S. Supreme Court will not take up a lawsuit from Applied Underwriters Inc. over a decision by the California Department of Insurance to put its affiliate into conservatorship. The court on Monday declined to hear the case. A CDI …

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 …

Federal Court Won’t Intervene in Applied Underwriters Case Against California Regulator

A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon a central claim that the …

Applied Underwriters Sues California Over ‘Bad Faith’ Insurer Conservatorship Plan

Workers’ compensation specialist Applied Underwriters is suing California Insurance Department officials to halt a state plan its says would force its workers’ compensation partner California Insurance Co. (CIC) to stop doing business in the state and would damage Applied Underwriters’ …