Appeals judge tosses California Insurance Company suit against CDI
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Appeals judge tosses California Insurance Company suit against CDI

Jairo Ibarra
July 09, 2021
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Applied Underwriters-owned California Insurance Company (CIC) said it will appeal a decision to dismiss the lawsuit that the company filed against the California Department of Insurance (CDI), contesting the regulator’s decision to place the carrier in conservatorship.

CIC, an Applied Underwriters unit, sued the Californian insurance regulator in federal court seven months ago, claiming that the imposed conservatorship was an “arbitrary”, “illogical” and “unlawful” action to obstruct a deal that had already been approved by several...

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Jairo Ibarra
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