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DoI Issues Reinsurer Subpoenas

Saturday, January 8, 2000 | 70 | 0 | min read

This is from a press release of the Department of Insurance who WCC believes is related to the recent reinsurance debacle involving various workers' compensation underwriters: SACRAMENTO - The California Department of Insurance announced that subpoenas have been issued against U.S. Life Insurance Company. The subpoena requires the company to send representatives to an investigatory hearing at the California Department of Insurance this month. "We are issuing the subpoenas and holding the hearing to investigate the reinsurance practices of U.S. Life with regard to the California workers'...

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