Court Won’t Get Involved with Applied Underwriters Suit Against California Insurance Regulator
April 5, 2021
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 CDI placed the carrier into conservatorship. The court abstained from hearing the suit over jurisdictional concerns.
Jeffrey Silver, executive vice president and general counsel of Applied Underwriters, issued the following statement in response:
“We will certainly continue our fight to undo this gross injustice. The current decision hinged clearly upon technical jurisdictional issues, not on the merits. We are confident that when we do get a hearing on this, and we will, and have our ‘day in court’ that we will roundly prevail. The illegal power grab that the CDI has made in yet another case will be exposed readily and undone fully. We will attack and expose this illegal, immoral usurpation of