Insurer: California Insurance Department Obstructed Merger With Conservatorship Order

Mealey's (January 20, 2021, 7:10 AM EST) -- SACRAMENTO, Calif. — California Insurance Co. (CIC) says in a Jan. 6 California federal court complaint that the state’s insurance commissioner and his department unlawfully obtained a conservatorship and obstructed a merger that would have had CIC re-domesticate from California to New Mexico....