Dismissal of Suit against Broker for Failed Self-Insured Group Upheld

The California 3rd District Court of Appeal this week ruled that two Truckee-based general contractors who purchased workers' compensation coverage through a now-defunct self-insurance trust could not collect damages from the insurance broker that had marketed the comp plan to them.Mark Tanner Construction and Mt. Lincoln Construction claimed that Diversified Risk Insurance Brokers had told them that the Contractors Access Program of California was a less expensive and more effective means of handling workers' compensation insurance claims than a standard insurance policy. The companie...