North Dakota and Iowa regulators have issued a temporary order suspending Ullico Casualty Co.'s certificate to write insurance.North Dakota Insurance Commissioner Adam Hamm issued the order Tuesday, citing a March 11 rehabilitation order and injunction from the Delaware Chancery Court placing the insurer in rehabilitation. The Iowa Department of Insurance issued a similar order on Tuesday.On March 22, WorkCompCentral reported that Ullico had completely depleted its claims-paying resources and fell $52 million short of covering its future liabilities after enjoying a $90 million surplus in ...
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