Company Files California Suit Over Alleged Reinsurance Scheme Involving Security

Mealey's (February 17, 2022, 8:46 AM EST) -- LOS ANGELES — A staffing company on Jan. 6 filed a complaint in a California state court against four entities it said are integrated enterprises, alleging that one is not licensed to conduct insurance business in the state and the others “aided and abetted” an “unfiled, unapproved, and unauthorized reinsurance scheme.”...