Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the works for some time. The …
The California Department of Insurance has denied an application for approval of the sale of California Insurance Co., a subsidiary of Applied Underwriters that was sold in a massive deal that has been under scrutiny over ties to campaign contributions …
Calendar entries and documents show that California Insurance Commissioner Ricardo Lara, not his fundraiser, made first contact with an agent of a workers’ compensation insurance company offering political support in conjunction with seeking approval for a change of control in …
A pair of companies has filed to overturn decisions by California Insurance Commissioner Ricardo Lara in cases involving workers’ comp provider Applied Underwriters, alleging the decisions by Lara were swayed by contributions to his campaign from people affiliated with Applied. …
Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who first raised questions about the product three years ago. Applied Underwriters will …
A watchdog group has given California Insurance Commissioner Ricardo Lara until July 31 to produce public records related to meetings with insurance industry representatives who reportedly gave him $54,300 in campaign contributions. Santa Monica, Calif.-based Consumer Watchdog on Thursday issued …
It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied confirmed that a deal is in the works, but …
A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department of Insurance is reviewing an application for the sale of the Calif.-based Berkshire Hathaway subsidiary. CDI officials confirmed with Insurance …
In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation businesses. “Berkshire has a number of workers’ compensation companies, and there was …
Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The deal would be a rare divestment by Buffett, …
