California Regulators Accused Of Retaliation For Filing Conservatorship Order

Mealey's (January 21, 2021, 9:12 AM EST) -- SACRAMENTO, Calif. — Applied Underwriters Inc. and a subsidiary filed an amended complaint on Dec. 14 in California federal court, alleging that the state’s insurance commissioner and deputies violated their constitutional rights and acted in bad faith by filing a conservatorship against a workers’ compensation insurer that is party to a reinsurance participation agreement (RPA)....