Agency Can Pursue Administrative Action Against Applied Underwriters

The Appellate Division of the New Jersey Superior Court ruled that the commissioner of the state's Department of Banking and Insurance may pursue administrative action against two out-of-state companies and their two New Jersey affiliates for engaging in alleged improper insurance-related practices. Case: Applied Underwriters Captive Risk Assurance Co. Inc. v. New Jersey Department of Banking and Insurance, No. A-0653-20, 04/27/2022, published. Facts: Applied Underwriters Inc. is a Nebraska financial services corporation that underwrites workers' compensation insurance through its af...