Judge Orders Conservatorship Of Insurer In Hazardous Financial Condition

Mealey's (August 2, 2016, 11:12 AM EDT) -- SAN FRANCISCO — A California judge on July 28 ordered an insurer into conservatorship and named the state’s insurance commissioner as conservator (Dave Jones, Insurance Commissioner of the State of California v. CastlePoint National Insurance Company, and DOES 1-50, No. CPF-16-515183, Calif. Super., San Francisco).

(Order available. Document #10-160826-009R.)

Dave Jones, California’s insurance commissioner, on July 27 applied with the San Francisco City and County Superior Court for an order appointing him as conservator of CastlePoint National Insurance Co. In his application, Jones also named Does...
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