Applied Underwriters can resume offering its EquityComp program in California under a settlement with state regulators, announced Thursday.
Insurance Commissioner Dave Jones reached an agreement with California Insurance Co. and Applied Underwriters Captive Risk Assurance Co. Inc. that will bring to an end a legal challenge to his authority to regulate programs such as EquityComp that was pending in the Los Angeles County Superior Court. The Berkshire Hathaway affiliates asked the court to declare that Jones exceeded his authority last year when he voided parts of an EquityComp policy he ...
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