N.M. Calls Conservation Order Superfluous; Status of CIC Policies Uncertain

California Insurance Commissioner Ricardo Lara can’t stop California Insurance Co. from fleeing the state and leaving employers without valid workers’ compensation coverage because the carrier already left in October, according to regulators in New Mexico. After Lara on Tuesday announced that a state judge handed down an order allowing him to take control of the carrier and its assets to block a merger with another carrier in New Mexico, the New Mexico Office of Superintendent of Insurance on Wednesday released a statement suggesting the conservation order is superfl...