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
New Mexico AG Seeks Takes More Steps to Intervene in Conservation of California Insurance Co insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
New Mexico AG Opposes California s Blocking of California Insurance Company s Redomestication insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
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 anoth