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In His Own Words: Q&A with Applied Underwriters' Menzies on Buffet, California and 'Pumping Entrepreneurial Power'


In His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet, California and ‘Pumping Entrepreneurial Power’
Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses, creating new subsidiaries, welcoming new teams of professionals and growing his firm domestically and internationally. He describes it as building an “entrepreneurial power plant.” Insurance Journal had many questions for Menzies. What was it like working with Buffett and why did AU leave Berkshire? What’s his grand scheme for the company and why expand now? And what about the disputes with California regulators? Menzies agreed to answer questions in writing on these and other issues. The following is an unedited version of the questions and his answers. ....

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Court Won't Get Involved with Applied Suit Against California Department of Insurance


Court Won’t Get Involved with Applied Underwriters Suit Against California Insurance Regulator
April 5, 2021
A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance.
The case against the CDI is based upon a central claim that the CDI placed the carrier into conservatorship. The court abstained from hearing the suit over jurisdictional concerns.
Jeffrey Silver, executive vice president and general counsel of Applied Underwriters, issued the following statement in response:
“We will certainly continue our fight to undo this gross injustice. The current decision hinged clearly upon technical jurisdictional issues, not on the merits. We are confident that when we do get a hearing on this, and we will, and have our ‘day in court’ that we will roundly prevail. The illegal power grab that the CDI has ....

United States , New Mexico , United Kingdom , Office Of The Superintendent Insurance , California Department Of Insurance , California State Court , California Insurance Co , California Insurance Company , Company Certificate Of Authority , California Insurance Company Of New Mexico , Applied Underwriters , California Insurance , California Department , Insurance Company , ஒன்றுபட்டது மாநிலங்களில் , புதியது மெக்ஸிகோ , ஒன்றுபட்டது கிஂக்டம் , அலுவலகம் ஆஃப் தி கண்காணிப்பாளர் காப்பீடு , கலிஃபோர்னியா துறை ஆஃப் காப்பீடு , கலிஃபோர்னியா நிலை நீதிமன்றம் , கலிஃபோர்னியா காப்பீடு இணை , கலிஃபோர்னியா காப்பீடு நிறுவனம் , நிறுவனம் சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ ஆஃப் அதிகாரம் , கலிஃபோர்னியா காப்பீடு நிறுவனம் ஆஃப் புதியது மெக்ஸிகோ , பயன்படுத்தப்பட்டது அண்டர்ரைட்டர்ஸ் , கலிஃபோர்னியா காப்பீடு ,