State Fires Back, Files Show-Cause Order Against Applied Underwriters

One day after Applied Underwriters, the multi-state workers' compensation insurer owned by Berkshire Hathaway, asked an administrative court to overrule state insurance regulators, the New Jersey Department of Banking and Insurance has flexed its own legal muscle. The department on Wednesday filed a show-cause order, demanding that Applied Underwriters appear before regulators and explain why its license to operate in the state should not be suspended. A day earlier, Applied and its sister companies filed a petition, asking an administrative law judge to block the department's demands...