CDI, Zurich Reach Settlement on Out-of-State Arbitration

By Greg Jones, Western Bureau ChiefZurich American Insurance Co. and Zurich Insurance Co. of Illinois have agreed not to enforce contractual provisions requiring large-deductible policyholders to arbitrate disputes with the carrier in its home state as part of a settlement that attorneys and the Department of Insurance said will greatly benefit California employers.The Insurance Department in February 2012 initiated an administrative action against Zurich for allegedly not filing workers’ compensation large-deductible agreements with it or the Workers’ Compensation Insurance Rating...