STORY FROM: Reinsurance & Arbitration

Top's Personnel Asserts Class Action Counterclaim Against Applied Underwriters

OMAHA, Neb. - Top's Personnel Inc. has asserted a class action counterclaim against Applied Underwriters Inc., accusing it of fraudulently charging employer-insureds drastically inflated premiums and costs for workers' compensation insurance.

In its Feb. 2 amended answer and class action counterclaim filed in the U.S. District Court for the District of Nebraska, Top's alleges Applied has unlawfully collected sums from Top's and other similarly situated insured-employers through various promissory notes that are derived from unfair, deceptive, and unlawful business practices in connection with the sale of workers' compensation insurance programs.

Applied Underwriters Captive Risk Assurance Company Inc. (ACURA) and ...

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