CDI Slaps Zurich for Failing to Report Large-deductible Policy Form

By Greg Jones, Western Bureau ChiefThe California Insurance Department announced on Tuesday that it has started an administrative action against Zurich American Insurance Co. and Zurich Insurance Co. of Illinois, saying they are improperly using large-deductible workers’ compensation agreements that have not been approved for use in California.California Insurance Code requires insurers to submit to the Insurance Department and the Workers’ Compensation Insurance Rating Bureau all workers’ compensation policy forms and endorsements. On Feb. 14, 2011, the Insurance Department ...